More news on the coking coal front:
http://www.theaustralian.com.au/bus...e/news-story/5a01e2efcabd59f4f7f0aea148d26cd3
"Coking coal prices have continued their astonishing push higher, rising to more than $US150 a tonne as China cuts back on production and steel demand remains strong.
As of yesterday, spot prices for Australia’s second biggest export, after iron ore, were up 51 per cent since the start of August, and the price has not fallen during any session since August 2."
Nothing but silence from management - what's the plan now? New DFS? Progress on funding/financing arrangement? Takeover discussions?
Even a letter addressing the significant increase in coal and where that leaves the company would be welcome.
Coking coal shoots to 20 month high !, page-70
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