AUO austral coal limited

Hi Costics,I can only hope. Given past performances, maybe some...

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    Hi Costics,

    I can only hope. Given past performances, maybe some teething troubles. If so, watch the price fall a bit further would be my bet.

    However, if they come out and say that everything's now going great, I'd expect them to pick up 20 or 30 cents over the next few months.

    I think AUO are always going to be lower-valued than the other coalies simply because they have the single operation risk against them. However, in their favour, their product is premium stuff and currently fetching premium prices. If they can lock this 'double premuim' into some decent long-term contracts, they should do well (so long as they don't blow up their mine in the meantime).

    Fingers crossed for a good announcement anyway. :-)
 
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