to the person posting about indonesia - cok;s baralaba is a...

to the person posting about indonesia - cok;s baralaba is a steel(pci) mine - not thermal. indonesia is thermal. dont get confused - 2 different cycles.

whc definitely the stock to buy in this sector.

imo cok at 1.5c is a long term buy and hold (pun never gets old) until it finances final expansion and infrastructure. as posted prev i;d buy small amount to be set against the inevitable SPP

it still has hundreds of millions to outlay for final expansion capex and a breakeven cost i;d estimate as being around $US105/t inclusive of overheads etc you dont currently see being reported.

intrinsic value per share post its final raising could well be below 1c/sh but stock will bounce from here to low 2s though before people actually get calculators out and work out what future likely earnings look like

as far as qld small coal stocks - all eyes should be on take or pay discussions with AZJ and qld coal miners - the small cap coal miners may be under new ownership unl;ess AZJ agrees to revise some of the harshness out of current freight contracts