Whenever you get a fault in a coal seam the floor and roof conditions are un-predictable. But once the headings move away from the fault the conditions improve. Once the long wall teething problems are sorted and the face extends away from the fault, normal production will be resumed. I see this as a temporary condition and presents a golden buying opportunity. Management cannot be blamed for the mining conditions or the problems associated with the new longwall. This is all part of coal mining.
AUO Price at posting:
0.0¢ Sentiment: None Disclosure: Held