CLR carabella resources limited

With respect I disagree. The RIO bomb shell basically calls into...

  1. 10,494 Posts.
    With respect I disagree. The RIO bomb shell basically calls into question the viability and timeframe of Abbott Point.

    I am sure BoA didn't snap up 7% of CLR for some stranded coal (however good the quality) that in the best scenario will not make it to market for many years.

    I am out this morning.

    I suspect the sp will be pushed even higher and then the relentless selling will kick in.

    May be a good stock to trade but if another Abbott Point stakeholder pulls out (or defers committment - I think there is more than just a hint given the defensive remarks of the project spokesman) then the shorters will destroy this stock.

 
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