Way oversold yesterday. Nice to see a solid bounce with...

Way oversold yesterday. Nice to see a solid bounce with background support from buyback.

New ABN research gives valuation of over $8 without factoring in currency gains through lower aussie dollar so add another 30% gives valuation of over $10.

Also some good comments from the AGM yesterday stating business as usual and coal already forward sold at record prices. They expect a record profit......no debt and expansion on the way with infrastructure upgrades pending approval.

DYOR. I have and entered yesterday at 3.72.