Mmmmm. The volumes are pretty low and all indicators are fairly neutral at the moment. It just feels like where in the doldrums with little to shift us.
Really need to see some action if the SP is going to move.
I wonder if they have actually lined up a buyer who really wants to take our black stuff or if our buyers are too distracted shifting other peoples coal because it is easier and cheaper to access? It is a bit like Iron Valley; whilst Min Res can mine and BCI earn royalties, BCI are dependent on how much Min Res want to mine and recently they have prioritised other mines resulting in less be mined out of Iron Valley. Either way we seem to have some big issues here.
The next month will be very telling, exciting or more disappointing.
CKA Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
