massive buying going on

with already 40 million shares changing hands and buyers coming in from off screen snapping everything up to 6.8c up, you get the feeling something is up, and it must have something to do with the South African Coal deal the company is in the final processes of negoiating.

from a technical standpoint resistance is at the 7c level and if this was to break (wouldn't take much volume now) CME will continue its run much higher.

important to remember CME is getting the coal at 20c per tonne unbelieveable given the current spot price is well of $120 usd a tonne, what an amazing profit margin.