price drop

Big volume today,I suspect the whole coal industry listings are being shorted based on the MCC announcement.

GCL has the ability to reactivate some buy back activity to negate the shorters.

I would be holding off buying or selling for the next few days.

The board of directors and management are first class and I see no surprises, unlike MCC.

I beleive the problem with MCC is their hedge book and it will be revealed that the directors will blame the CFO and hide behind the classic "we were profoundly mislead"