Not sure this explains it completely.Only 4M traded during...

Not sure this explains it completely.

Only 4M traded during entire month of Feb.

Fund managers like CFS would be reviewing their position given their bonuses are measured against the ASX300 benchmark. We'd need to see bigger volume go through (including a few XT) and then a form 604 to confirm they need out.

AUD killing most local coal plays creating an EBITDA margin close to 0%. Prices will eventually need to rise to incentivise producers. Therefore in sum, it becomes a long term play on rebounding AUD HCC/PCI prices. Who knows when is the $M question.