more coal sellers than local buyer

There are around 35 active coal mines in Poland and only a relative few buyers - steelworks and power stations.

The buyers have the upper edge, thats why the coking coal price is only $90 / tonne and going south.

http://en.wikipedia.org/wiki/List_of_mines_in_Poland

Click on the individual mines. You will very soon see Nova Roda is small.
Many are massive. Poland must almost be be built on coal - brown and coking.

I also really need to think though if the BMB is as good as the conferences suggest. I really dont know, particularly given our coking coal has one major buyer which produces 70% of the total Polish steel.

There is a chance the conferences and announcements are just all built up propaganda. Maybe just to sell on to another less informed buyer.
I just dont know. I sorry i sway in this stock so much, but at this point there are too many mines and the main steel manufacture to making big losses.