austral coal

Big volumes pushing up the AUO share price. Takeover ? - I've got no idea but clearly someeone wants the stock in a hurry.

I've been a big fan, especially now that the new longwall is operating. The recent news on the coal price is also very positive.

The intrinsic value of this stock is imho somewhere between $1.10 and $1.40, after allowing a discount for this being a single mine company.

If you believe the company reports, the second half will be a cracker.

Good investing !