PLUS, there have been questions asked as to why BRL price has not reacted like
other australian coal producers. maybe there are relatively more punters in Australia
than in NZ.
I rest my faith in there being two major overseas holders of BRL. My question
would be 'who is the ultimate beneficiary of these holdings?'
whoever it is, is sitting on a medium term 'punt' at cheap prices.
Top quality coal is still a valuable resource for the future. Steel will still be in demand
once the chinese glut is over, but NZ is very far away from World Markets.
BRL is still a good long term punt, but the world's economy is overheated and fragile
BRL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
