bad news for thermal coal everywhere

In the famous words of Chicken Little " The sky is falling , the sky is falling"

News for coal sucks at the moment!!!! Everywhere you look.

why wasnt my adviser preparing me for this 3 months ago!!!!!

funding is an absoute bugger with this stock!!!! I fear management have been caught trying to hang out for a better deal rather than to take something that was on the table late last year (I know they were close).

"Coal Stock Recommendations

Amid such an uncertain environment, we recommend investors to currently stay away from this sector and look out for the trends in U.S. Met coal exports."
http://seekingalpha.com/article/687311-consider-coal-stocks-on-a-rebound-in-met-coal-prices?source=google_news


SouthGobi to stop operations at Mongolian mine
27-Jun-2012

Hong-Kong listed SouthGobi Resources will halt mining at its flagship coal mine in Mongolia by the end of the week, citing weak demand and customer uncertainty over its future.