CEY centennial coal company limited
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I'm assuming that the drop in stock price yesterday was due to...

  1. phreak
    758 Posts.
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    12/03/09
    07:47
    Post #: 4893215
    I'm assuming that the drop in stock price yesterday was due to the recent spot price of thermal coal and the fact that xtrata just did a deal with Japan for $70 tonne.
    http://www.theaustralian.news.com.au/business/story/0,,25170705-5005200,00.html

    Not sure why we got the late bounce in the last minutes of trade.

    Does anyone have any idea what the CEY shareprice was last time coal was at 70 - 72 per tonne?
    I know at that time cey also didn't have the capacity that they do now also no focus on international business.
    CEY Price at posting: $1.69 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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