It would appear that xtrata is pushing the coal price up. This has implications for the possible sale price of felix shares I am starting to dream of 50.00
this extract from globalcoal site #
Xstrata offers coal contracts to Japanese at $175/t Xstrata Plc (XTA.L: Quote, Profile, Research, Stock Buzz) has tabled its offer to some Japanese utilities for thermal-coal term contracts starting in October at $175 a tonne, up 125 percent from a year ago, a source familiar with negotiations said on Monday.
"They offered (coal) at $175 a tonne during negotiations last week," said a source who is familiar with the Japanese position.
Reuters - 1-Sep-08
FLX Price at posting:
$19.21 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)