I'm been bullish on this stock (and a long-term holder) but there's no denying that their half year results are very poor indeed. Continued equipment failures do not reflect well on the company.
Reading through the announcement there is optimism that production will pick up but of course we will all be a bit more sceptical.
Clearly the short-term reaction will be very negative - it might prove to be a buying opportunity - time will tell.
I'm going to sleep on this one - it might be simply one that I've got wrong.
Good investing !
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austral coal limited
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