KRL 0.00% 14.5¢ kangaroo resources limited

coal set for bumper few years

  1. 7 Posts.
    Looks like there is more upside to KRL - "Analysts from JP Morgan reckon that thermal coal, used in power stations, will rise from $70 to $85 per tonne next year, based on rebounding demand from China and India"

    and for coking coal:

    "Macquarie, JP Morgan and Morgan Stanley estimate that prices may jump by between 23pc and 38pc in 2010, as global demand rebounds."

    From: http://www.telegraph.co.uk/finance/newsbysector/energy/6896140/Old-King-Coal-will-stay-on-the-commodities-throne-for-years.html

    I for one think that the fundamentals point in the right direction for KRL, and the current trading pattern will definitely break to the upside.

 
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