macquarie research jan-2014, page-13

Fancy, will do that just as soon as that other oil thing we're both in has some success in Senegal - or earlier if its neighbour does (I have Far too much of both of them if you'll pardon the pun). The grand plan is to rotate out of those into dirty, stinking, unloved coal whilst it remains that way. Sometimes it doesn't take much for a sector to wake up - look at the goldies the last few days - finally getting up off the canvas - but when it does it's quick. Lots of value still about.