Not to forget that Qinfa is about to have 30% of the company. They know what they are doing. They are one of the largest importers of Coal in China.
www.qinfagroup.com
They want the coal in the ground. But if you see what has happened with Macarthur Coal, Peabody, New Hope, Noble etc This could be the next atkeover target. Look how close they are to the port and infrastructure. All the other players in the Surat and Bowen Basin have a very long distance to get to port, TCM are much closer and have a highway and railway going through their tenements.
TCM Price at posting:
32.0¢ Sentiment: LT Buy Disclosure: Held
