coal, page-19

Personally I hope there is a SPP at 10c.

With over 59% of the shares held by the top20, and with Gujarat a cornerstone investor with 17% it is not easy to buy a significant stake on the market.

Hence as we have see over the last 3 days the continual off screen buys of anything placed at 13.5c or below.

With a market cap of 12 and short dated options way out of the money at 20c, I have had a few nibbles to get some decent exposure to the thermal coal exploration potential of 1 billion tons so close to a port.

In all likelihood, while we have no rail at the moment, we wont have all the port backlogs that the east coast producers will have to contend with. And the coal demand is predicted to be very strong for a few years while alternative energy systems are contemplated.