The more promotion in Australia the better. It's been 10 days since the whopping 40% tax was announced and clearly, the real miners haven't recovered. BHP is still sub $40 with the US recovering!!! My Atlas hasn't got off the floor from $2.30! Seeing the response from the three senators on budget night, they are quite happy with the %40; so it looks like its going to get passed. If CCC present a simple, easy to understand presentation to Aussies on their near term mining prospects, with all that infrastructure in place, then we are in for a re-rating. Coal's future looks extremely bright, with, unfortunately the failure of Copenhagen and the huge interest in companies such as RIV and MCC...
CCC Price at posting:
48.0¢ Sentiment: LT Buy Disclosure: Held