Many thanks for the reply mihal.I always appreciate your comprehensive knowledge of the coal industry.Beats subscribing to globalCOAL...lol!
I am of the very firm belief that African coalers represent an outstanding investment/trading opportunity.The biggest trick will be, of course timing that opportunity, as the rewards are likely to be great.It's the catalyst to drive them that is the problem, and I have always watched CIC for clues.
You report that the Botswana Government is "actively promoting coal exploration" and no doubt there is a lot of interest in developing a bulk-rail haulage route to unlock that value.Will that be the catalyst?
Or the growth in the developing world will at some stage ignite a great deal of interest in energy stocks as ENERGY will be a highly sort after commodity at some stage.Will that be the catalyst?
As a point of interest have a look at slide 7 in BHP's presentation here at:
You will see a chart showing that the real growth in energy consumption does not start until the GDP per capita reaches the $15,000 mark.With China/Indonesia/India/Africa,we are not even there yet.Plenty of time for the BOOM to start.Until that happens a lot said on these threads is nothing more than theatrics-tongue in cheek,my view only.I believe many of these African coal plays represent huge value,but it may be a few years away or the market, as usual, may get ahead of itself and start running at the sniff of some worthwhile development.
As you can see I enjoy looking at the big picture and narrow down on the detail using solely TECHNICAL analysis via charting and relying on yourself to fill out the in-between knowledge.
Well worth a read that BHP presentation.
CCC Price at posting:
8.7¢ Sentiment: None Disclosure: Not Held
