time to buy, page-7

We all invest as individuals Paps.

Mihal has already stated the explanations from management are sufficient for him within the bounds of the investement variables that can effect an investment in CCC.

I for the life of me cant understand how you can invest what you have without running some basic forecasts based on a varying coal prices and the CCC mine production/margins to date.But then maybe you have.

Imo Hansel hit it on the head as regards why there are little to no bigger players taking part in CCC atm.If Ferriera can get back to previous margins and Penumbra does work to the forecast margins and the thermal price holds up then perhaps we will see bigger cash taking position.

Its a risky end of the market and why one shouldnt invest more than one can comfortably loose without loosing ones sanity.Much depends on where this thermal coal price goes in the not too distant future.One positive is the Penumbra hedging.

d.