No there was no talk about the selling pressure specifically. I...

No there was no talk about the selling pressure specifically. I continued to add this afternoon, mainly because of the strong cash position and two potentially economic projects, with further drilling to come. Quarterly due, costing update on Mabbin Creek and JORC on Bluff can't be far behind and at these prices, a number of Asian players would be sniffing around- it's common sense. Note that Jindal just made a cash offer for CIC this week.

This fells like AMX a few weeks back. Good assets, strong cash balance and waaaay oversold. Not saying it can't go lower because with HCC now around $180-190/t it could. But 30%+ to get back to where it was a couple of days ago...

Coal stocks all being hammered, but this seems a little out of alignment. I would expect another round of M & A in the space in the next month, similar to a month or so ago.