Guys,
The instos are well aware that there is ONE BILLION TONNES of new coal fired power plants under construction by 2015 and another 600MT planned. They are using the world uncertainty and the GAS BALLOON to drive prices lower. Why? Because they can - and will look very clever as the rest of world catches on.
I see the thermal coal sector strengthening toward the end of this year and ramping feverishly in 2013.
My opinion only.
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