We previously saw sub $100/t, so suffice to say coal has bounced at least 17% and has a substantial way to go to that S/T target of $135/t
Anyone still thinking coal is in the doldrums probably can't notice the rally occurring as it happens in a slower or less noticeable manner than for example Gold and Iron Ore with overnight spot prices readily available to punters
With any luck, coal will be $130/t+ as we are going into production
These delays might, just maybe have worked in their favor in terms of commodity pricing, at least compared to last year
CKA Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
