"ALMOST three years ago, C @ (CEO), which had been trading on...

"ALMOST three years ago, C @ (CEO), which had been trading on the ASX largely unnoticed since listing in 2005, seemed to have finally found its feet, thanks to the Rudd government's carbon pollution reduction scheme.

Well, C @ was over the moon in 2008 that the scheme was to include forestry, and so it was full-steam ahead with plans to plant large areas of olive and eucalyptus trees to sequester carbon.

However, the only things sequestered were the scheme and Kevin Rudd's leadership.

In fact, far from sequestering carbon, the junior will now do its bit to pump more of it into the atmosphere by acquiring coking and thermal coal deposits.

C @ has taken an option over eight licence areas in Mongolia and investors, who know only too well that where there's muck there's brass, couldn't have been happier, pumping up C @'s price by 87 per cent to 7.5c and trading 452 million shares in two days.

C @'s news will warm the hearts of climate change sceptics everywhere. All it needs now is for the company to persuade climate change commissioner Tim Flannery to join the board.

And it must be getting harder to spend time in Ulan Bator without running into an Aussie coal executive.

The other players there include Aspire Mining (AKM) , Hunnu Coal (HUN), Xanadu Mines (XAM) and Guildford Coal (GUF)."