JB emailed me an email below a month or so back, blaming market conditions for the poor share price performance. We'll JB if you're reading this....check out the charts below...
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Thought you may want to also look at a few other coal companies operating in South Africa.
Ikwezi Coal also operating in South Africa with a new mine development underway.
Interesting to see the similarities in performance over the past 6 month, 3 month and even 1 month.
No excuses but clearly broad coal markets, exposure to South Africa and so on has not assisted.
Without a doubt we have been smashed down and its not good. But not too many mysteries as to why given the environments we operate in.
Even BTU not looking too good in comparison as well
Thought this may be useful for you though.
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Continental Coal - looking to resume down trend currently at 7.3 cents. 4 year lows.
RB Coal Prices off its lows up to $90
FTSE All Shares off its low back to 3,000
DOW Jones up to 13,200
Peabody Energy - nice uptrend since end of July. Up by 24% to $23.23 today from its lows of $18.78.
JB emailed me an email below a month or so back, blaming market...
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