re: hedgefunds shaven't finished selling Your right Ultimate Warrior. The sellers were again out in force today but there was equally good buying support. Excel coal is the superior of all listed coal stocks and has been trading at a discount to its peers all month. Like you I expect it to bounce back shortly.
It is fundamentally ridiculously cheap.
Based on the BRW Rich 200 story, the management that control Excel (the gang of 6) look like their setting it up for a takeover sometime in the future.
re: hedgefunds shaven't finished selling Your right Ultimate...
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