agree shares are from 30c placement [cannot know if strong or weak or just profit taking - and that's not a bad thing either] but my suspicion is that following on from CKA road show and now next week Coaltrans Conference in Bali..instos are soaking up whatever is available...and there's not much given that the Board and Mgmt speak for ` 200M shares which are in escrow .. for a year or two ... Once coal quality is announced , and macro market conditions allow, sp will be re-rated...and that's without any consideration as to future projects in Indonesia and of course PAt Hanna's attempt to reprise Riversdale - In Tanzania.. All good stuff BTW see following article http://www.bloomberg.com/news/2011-05-27/copper-coal-to-lead-three-year-commodity-rally-standard-chartered-says.html
CKA Price at posting:
69.5¢ Sentiment: Hold Disclosure: Held
