Every broker I know wants me to dump this stock.... Problem is not enough volume to support me selling... 47c doesn't look so bad....
A depressed coal price will keep killing this stock... The miracles that need to happen:
1. Coal back above 85$
2. Permitting approvals
3. A reduction in capex (very possible, our capex is double the market cap)
4. Balance of funding..
The biggest bottle neck are the bloody approvals, if all approved funding will flow.... I can't believe with gas now double in price when coal was 100+ companies aren't switching back...
The reason why I haven't sold is that I still believe that we will get through this difficult period and that many great companies went through a storyl like this.... Coal has to make a comeback- just don't know when...
Good luck all
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