confidence

Nice read.
Seems positive for Coal and the fact that KT is into RIV says a lot, especially with these comments from him as the back drop. It seems like hes not rushing to sell any more ATM, hope it was just a one off to cover a personal expense.
Next leg up soon one would think, has held over $6 for 4 weeks now

http://www.theaustralian.news.com.au/business/story/0,28124,25889023-5005200,00.html

next boom will be bigger, says Ken Talbot
Article from: The Australian


Matt Chambers

August 06, 2009 11:02am

FORMER Macarthur Coal boss Ken Talbot spent three days in Kalgoorlie seeking investments in what he calls an unprecedented buying window.
Mr Talbot became one of Queensland's richest men through his stake in Macarthur, most of which he sold last year to steelmakers Posco and Arcelor Mittal for about $700 million.

After selling at the top of the market, he says now is the time to invest in resources.

"It is an unprecedented buying time," said Mr Talbot, who flew from Brisbane in his Lear jet to attend the Diggers & Dealers mining conference in Kalgoorlie this week. Sign up to the PerthNow Business newsletter
"The decisions made this year will underwrite businesses for the next 10 years," he said.

Mr Talbot did not want to talk about the Gordon Nuttall case.

Nuttall was last month found guilty of 36 counts of corruptly receiving payments, including $300,000 from Mr Talbot, who will face his own hearing at a yet-to-be decided date.

Mr Talbot was extremely bullish about the global economy's potential to bounce back to pre-crash levels, saying the next boom would be even stronger than the last one.

"There has been under-investment in supply and infrastructure and the world will be short of coking coal and energy," he said.

Last night, Mr Talbot was named dealer of the year at the conference for picking the top of the market in his sale of Macarthur shares and putting much of that money back into the resources sector.

On the energy side, Mr Talbot said he was interested in investing in oil, gas and thermal coal, although not in Australia, where coal's environmental credentials were heavily questioned.

His strategy was to enter early stage projects as an investor, but he was evaluating requests to take an operating role.

Talbot Group had about $US600m invested in carbon materials and energy, Mr Talbot said.

Its biggest holding is in Karoon Gas Australia.