A few small trades going through today causing the s/p to bounce...

A few small trades going through today causing the s/p to bounce around between 10 to 12 cents for a little excitement.

Considering our market cap's is once again now at ludicrous levels it makes me think is the world really that doomed it's completely blind to fair value?

Despite the global slow down and China's declining growth, the demand for Coal is actually still growing and forecast to continue to grow.

According to Alan, they have no shortage of buyers lined up to get the goods even before it's been dug up from in the ground. Money in, Coal out simple concept.

Fundamentally I can't fault anything with PZC, our s/p is looking very dismal but other than that all the right boxes have been ticked.

That being said I was happy to top up some more today.

Like with so many other quality stocks, it's testing times indeed but I'm still confident we will have our day.