Ann: Dividend Declaration, page-126

The stock didn't get much of a hit when it went ex dividend in September. It got sold down by roughly the 10c dividend amount, but there weren't many shares available to sellers to buy back in, and the stock was quickly back above pre-dividend price. The slide in price since then is to do with 1) warm weather in Europe, which was temporary, 2) china announcing a strategy to become self sufficient in coal, and 3) shorters.

Shorters seem to have stopped selling and returned their shares, weather in Europe turning cold again, also in my opinion I believe the owners of the recommissioned coal fired stations would have under bought and not over bought coal supplies. Chinese are not going to achieve self sufficiency immediately, also remember they shut down many coal mines due to the high death rate (35,000 per year) of miners.

If the share price takes a hit in the next few days, then my intention is to buy more.