They couldn't have been on holidays yesterday as 33,671,687...

They couldn't have been on holidays yesterday as 33,671,687 shares were traded by 11:07EDST, compared with 9,050,855 at 11:31EDST today.

There have been 812,148,977 shares traded from 25/11/2010 and 29/12/2010 since the second tranche of shares ($30m @ 6.4cps) were released.

In the December Qtr 73010t export coal was sold @ $106/t ave.

The current Richard's Bay Coal Spot Price is US$128.10 as at 24/12/2010 an US$18 increase from the previous week's spot price.

I think that we have seen most of the trading of the second tranche and now we have the daytraders and profit takers churning shares while others are holding and preparing for the ride:-)