sites news and my opinion

I have being doing research on coal and from what I can see there doesn’t look to be an end to the world’s appetite for coal. Now reading from Comdeks web site: Now from reading the info below I would assume going on today’s Thermal coal prices which are on the Bloomberg web page below, the following figures have come about.

I would love any more information to be posted as this is what HC is about information amongst other like minded people. Also for those posters that are more knowledgeable than I please correct my posting if something is wrong. Lets stop having a go at each other and focus on what can be achieved by this company, plus the gains for those of us that believe in CDS as well as what we find out in doing research and bouncing thoughts and ideas of each other.

I’m no analyst just a normal person who has bought shares in a company that looks good in theory and with what they own as in mines that can produce what the world in hungry for, and what they are projecting. I am over the getting emotionally attached to shares as I’ve been burnt before, so like any other share if it doesn’t perform I would sell no worries, but with CDS all I can see is a share that is worth being involved in. That is my opinion based on what I have looked up and researched.

Waterberg coal project 415 million tonnes x $194 per tonne
Jericho Tasmania Ave 270 million tonnes x $194 per tonne

http://www.comdek.com.au/index.php?option=com_content&task=blogcategory&id=7&Itemid=20

Waterberg Coal Project South Africa (70%)
Highlights
• Initial Inferred Resource of 415 million tonnes of thermal and coking coal;
• Potential to increase resource tonnages;
• Properties located close to infrastructure and power stations;
• Properties previously owned by BHP Billiton and BP Coal and now available due to change in Minerals and Petroleum Resources Development Act (MPRD);


Jericho Coal Acquisition – Tasmania
Highlights
• Inferred historical tonnes of coal of 60 to 80 million tonnes of black (bituminous) thermal coal;
• Comdek believes that there is potential for further significant coal discoveries and has an initial exploration target of 240 to 300 million tonnes of thermal coal;
• Combined with the tenements in the Woodbury and Latrobe areas, historical tonnes of coal total 72 to 102 million tonnes with an exploration target of 340 to 460 million tonnes of black (bituminous) thermal coal;

Read this site:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZCzrWYIfcmU

China Shuts More Coal Power Plants; Warns on Shortage (Update1)
July 8 (Bloomberg) -- China, the world's second-biggest energy consumer, shut 2.5 percent of its coal-fired power plants, prompting local governments to limit electricity consumption and issue warnings on possible blackouts.
Insufficient coal supplies forced the closure of 58 power- generating units in central and northern China as of July 6, or 14,020 megawatts of capacity, data from the State Grid Corp. of China showed yesterday. The nation's total coal-fired capacity stood at 554,420 megawatts last year, according to the State Electricity Regulatory Commission.
09 July 2008 10:03 AM London Time
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Coal India to invite bids for reviving mines
KOLKATA: The public sector behemoth Coal India Ltd (CIL) will float a global tender this month to invite expression of interest (EOI) for abandoned underground coal mines. The world’s largest steel-maker ArcelorMittal had earlier wrote to the coal ministry to form a joint venture with CIL for reviving abandoned mines.
The chairman and managing director (CMD) of CIL, Partha S Bhattacharyya, told TOI that the process of floating an EOI is complete. "We want to induct private partners through this exercise for re-opening closed mines," he said, "We expect that L N Mittal will participate in the EOI this time as they earlier evinced keen interest."
Sources close to CIL said big steel makers like Tata Steel, Essar, Jindals and power utilities like NTPC and Reliance Energy too might participate in the EOI. There are about 121 mines that have been abandoned since nationalization, including those of private owners. Coal experts feel that these mines will become viable with the rising prices of the black diamond.
Source The TImes of India

Domestic spot coal prices will remain hot over summer - analyst
Shanghai. July 1. INTERFAX-CHINA - Spot prices for coal in China continued to rise last week, despite the government's decision to freeze ex-works coal prices on June 20, and are likely to receive support from the inflated international coal market over the summer, an industrial analyst told Interfax today.