Yeah, for those who hold coal stocks that explore and mine in Australia, it may be a good time to divest.
There are some headwinds coming within the next 6 months.
1. Six million dollar Greenpeace campaign.
2. Carbon Tax.
3. MRRT.
4. Federal Labor minister (Tony Burke), saying today that he may not approve new major mines and infrastructure in Queensland.
5. Federals Greens now hold the balance of power in the Senate.
For those who wish to invest in coal, I would suggest those companies with overseas assets, Mongolia, the USA, Africa, Indonesia etc.
The next federal election will probably not be until November 2013, so companies with Australian based coal assets are in for a tough 2 years.
Gw
Yeah, for those who hold coal stocks that explore and mine in...
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