Read this article it explains why Australian coal companies are doing very well lately. Like MCC wich has gone from $4.50 to $11.50 in less than a year!! and has swings of 10% in a day on good Volumne, ARH has done very little in the same time, but I am patient, and waiting, I think Clive must have a plan, But no one has ever explained why he chose ARH to do it with?? Maybe good mates with Mr Martino who has already done very well thank you ladies and gentlemen, thanks to a heap of options. but the poor old shareholder has prices less than 3 years ago when no one had heard of Balmoral, CITIC or Clive, no confidence at all in the market for this stock but directors are all doing well.
BUT I AM PATIENT
This is a good read and gives a good outlook on coal, why they are even considering it for Balmoral is a joke, bluff thats all.
http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=06406E6D-1871-E587-E1A5030DB86CE2EE
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