re: david Mike,
I guess its like the market in general. There are always people who are prepared to take a profit early . If the buying depth isn't there there could be a fall. As top pick stated last month this company is not pretty (financially) but the increase in coal prices and the amount of black stuff they have in the ground, shows that even if this company can't make a go of it someone else will.
In my mind this is still a spec stock until the company can prove it has the balls to do things right.
Dave
AUO
austral coal limited
