chinas coal rush , page-2

Hi CB,
I phoned and spoke to JH yesterday, and even though this CTP drama is impacting badly on most of us, regarding the coal, he said that, yes, the Chinese are wanting contracts in place and gauranteed supply for long term, 20, 30, 50years, etc.

He was at the co. Xmas party when I rang, .... so I still have hopes for us holders that a deal might be done regarding the coal.
It might be the only thing which will get CTP out of the doldrums now until they fire up their oil exploration again.
So much for early monetisation from the oil.

JH said that on the contrary to percieved notions about the coal being too deep, there is potential for vast amount of shallow coal suitable for mining.

RAVI