BTU is showing as oversold and this mention in the AFRcould well entice fence-sitters, particularly given today's cooperative announcement.
The bots seem to have control of the sp fluctuations, however anything beyond these erratic movements suggests to me that BTU will be seen as a buy IMVHO. I say this because I believe that the approvals are a formality and that the sp would have plunged long ago otherwise.
Simply, in this uncertain world quality coal from reliable sources will remain in strong demand and the notion that 'others' may be watching is another consideration in all probability.
esp.
BTU Price at posting:
$1.09 Sentiment: Buy Disclosure: Held
