Another pillow to help the dream .... I just heard an analyst on CNBC say that North American coal companies are the companies to be buying right now ... reasons being that Queensland coal companies which supply 60% of imported coal around the globe will be out of action due to flooding for at least six months, but even more importantly it will be two to three years before infrastructure is back in place to get tonnages back to where they were.
I think yesterdays antics in federal parliament might delay the infrastructure even longer.
He also said that North American coal companies face rationalization in the near future,
Both those reasons bode well for CPL, the time frame is perfect for us.
CPT up 6 cents as I type lol. I want to see it back over $2.
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