I have the feeling that halving the profits forecast has given FLX the chance to put out, what would have been, bad news now cloaked in sheeps clothing. Thermal coal is looking to have a more solid future in ML's forecast of US$48 per tonne for 2006/7. An announcement on PCI coal pricing, that is take up of coal by present customers, will be a lift to profits. The Directors still seem to be sleep walking in terms of just continuing there present coal developments. Whilst shareholders see the South Australian prospects as the way forward - not forgetting those Indonesian GOLD ROYALTIES ??????????????????????????????
FLX Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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