Not a good result, but if the outlook is to be believed, then the inevitable drop in share price over the next few days/weeks will surely be a buying opportunity. If coking coal prices continue at their all-time highs for a while yet (how long is the question), and AUO manage to secure some nice long-term contracts, AND they encounter much better mining conditions as they have been promising, then they will be fine.
One to put in the bottom drawer for the next 6 months I would think (at least, that's where mine are going). No point in panic selling, esp if a turnaround is due.
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austral coal limited
Not a good result, but if the outlook is to be believed, then...
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Ron Miller, Non-Executive Director
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