Ann: Director Resignation, page-10

Had a bit of a look a t the Verizon site, the rail hauliers. They own the tracks too. Getting very big, billions of dollars all over nationwide. They think energy coal will fade out over the next 10 years and are de-prioritising it by appearances. Lack of investment in new rolling stock? They seem to think they can do well trying to compete with container shipping by railing it from Darwin to the southern states. This smells very like a loser to me by instinct, and I tend to have good instict. They are likely very wrong about energy coal too. Its only the deceived dummies in western economies that are "transitioning" while the rest of the world now growing much faster going in hard on coal cheap coal fired generation.

The last report said they are confident of getting four ships away per month which is great, but it might be an idea to look at owning our own rolling stock at some point, as insurance.