POSCO needs Met Coal for steel making not thermal coal. COK own mainly thermal coal.
The Surat Basin is characterised as being full of thermal coal and the Bowen basin being met coal. Be careful if your banking on COKs sp rising continuously based on their thermal coal reserves. This is not what steel makers use.
If the traders continue to jump out it'll be interesting to see where the support is....
COK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
