Coalers are a screaming buy now, fundamentals are still bullish. All this all the while we are waiting on the massive resource upgrade - could well be 6bt JORC...
China & India Are Building 4 New Coal Power Plants – Every Week http://www.thegwpf.org/china-india-building-4-coal-power-plants-week/
Japan back in the fold, they just slashed their emissions target by 85%.
Japan Slashes CO2 Emissions Targets At UN Climate Talks http://www.huffingtonpost.com/2013/11/15/japan-co2-emissions-targets_n_4280593.html
coal demand in japan rose 25.8% month on month http://www.energyglobal.com/news/coal/articles/Japanese_coal_and_LNG_demand_rises_204.aspx#.UogCvZC4aic
FACTBOX-Growth in future coal-fired power capacity http://www.reuters.com/article/2013/10/22/idUSL6N0HY3E820131022
EER Price at posting:
4.8¢ Sentiment: LT Buy Disclosure: Held
