Coking coal on an absolute rampage !
http://www.platts.com/latest-news/m...ard-coking-coal-spot-price-more-than-27664309
Spot price surged 11% Monday to $157/t !
IMO we will see it overshoot as there appears to be a perfect storm brewing and a bit of anxiety/desperation from the buyers
CKA
Closed on it's 6 monthly high yesterday. The NPV of its project based on DFS figures and current coal price is some $360M+, compared to market cap of $20M - so plenty of room to rerate, if it doesn't get a bid in the meantime. Wouldn't be surprised to see someone try to take it for 8-10c
Day Trading 7 Sep Pre Market, page-2
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