Well im back in after that long hiatus. Some long termers may...

Well im back in after that long hiatus. Some long termers may recall my view on this one. I got my 120000 fill thanks to that last dumper in the match. Been waiting for some volume and a bounce off that basing of .11.

Still a huge risk. Iron ore prices are the key here boys. Higher quality iron ore requires higher quality Coking Coal. Recent bloomberg articles are questioning the bottom of iron ore is days away, and a fresh article last night about an inevitable 40% price rise over the next few quarters as China turns back to higher quality iron ore instead of the junk they import from Brazil etc.

My opinion stands that Coking coal stocks are waiting for the iron ore producers to march first. Drill results, railways, joint ventures, bankers etc wont mean squat without raising the bar on prices, however this is accumulation time boys and one day when i average up gently as prices inevitably rise, i will stick my 500000 shares i would kill to accumulate on the offer at $5 and scare the shit out of every basturd.

Problem is, i have no patience and would have sold ot well and truely by then.

Here is hoping.

Best of luck to all ST holders and LT sufferers.
Buy im freshly back in the game and happy to accumulate undervalued stocks that could be life altering.