$0.74 , page-5

Hi Guys

A great day and move for AKM, with plenty of volume, the last trade was puzzling though. Bedouin imo was due to general market movement but mostly due to the coal sector kicking along. All the coal stocks move significantly today, most likely due to articles released the last few days about strong coal outlook. See exert below

Coal Prices
China Shenhua Energy climbed 1.2 percent to HK$37.90. China Coal Energy Co., the country?s second-largest coal producer, increased 2.2 percent to HK$10.44.
Benchmark power-station coal prices at China?s Qinhuangdao port rose 0.6 percent to between 830 yuan and 845 yuan a metric ton as of May 30 compared with a week earlier, according to the China Coal Transport and Distribution Association.

That?s the highest level since October 2008. China will raise electricity prices for business and farmers from June, the first increase in more than a year, according to an official with the National Development and Reform Commission, the top economic planner, who declined to be identified because of internal rules.

Coal companies may ?benefit from power tariff normalization,? Citigroup Inc. wrote in a report dated yesterday. The brokerage continues to favor China Resources Power Holdings Co. and Yanzhou Coal Mining Co., it said.
China Resources Power, the Hong Kong-listed mainland electricity producer that develops, owns and operates coal-fired power plants in China, jumped 3.4 percent to HK$15.72. Yanzhou Coal increased 2.9 percent to HK$31.95.

http://www.bloomberg.com/news/2011-05-31/hong-kong-stocks-rise-on-greece-optimism-gold-producers-gain.html

Also allot of news lately on growing demand and further growth in the industry.
# Vale looking at developing a 1.2b dollar coking coal mine in Australia.
# Port of Townsville looking to expand the port for coal exports
# Also lots of action in new JV and other related market activity
# Germany's move to ban nuclear power by 2022. Coal to pick up the slack?

Also allot of these speculative coal stocks have been on their lows as well of late or have come back off their highs hard. Should be another good day tomorrow, GL to all holders

GB