BRL 0.00% 81.0¢ bathurst resources limited.

HCC price, page-2

  1. 3,200 Posts.
    lightbulb Created with Sketch. 444
    yes the short term good times and the story in your post seem to be supported by the futures markets

    http://www.cmegroup.com/trading/energy/coal/australian-coking-coal-platts-low-vol-swap.html.

    Given the ramp up in Aussie coal mine production, which is creating the bottleneck at the port mentioned in your story, and that the availability of coal has not changed since the poor prices of coal 2 years ago we may well go into a massive over supply situation again.
    Certainly all the Aussie coal miners I follow are ramping up production.
    History shows us that a commodity companies share price, that languishes behind it's peer in the good times, usually under performs further when the underlying value of the commodity comes off the boil.
    Always remember when you buy a company you buy the boards decision making as well.
 
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