Yes certainly have a big smile at present, did not manage to get...

Yes certainly have a big smile at present, did not manage to get my full mill, however pretty close to it.

Interesting the last week after being in the doldrums, so what is the likely explanation?

1. I guess the company did not collapse unlike what some pessimist so on 28 Jun.

2. EOFY selling probably had something to do with the low price.

3. The Aust dollar has dropped and does not look the recover therefore company is making more money from the sale of coal.

4. Company only extended the loan by a further three months, this I find the most interesting. I have questioned why so short and the only reason that I can find is that they are close to a new financing package for Baralba and the expansion and therefore only needs such a short period. This would also explain the interest in COK over the last week or so. Today it actually closed at its day high, another positive.

Based on the above I believe that a price above 10c is on the cards, probably sooner than later. There will be profit takers on the way, however the momentum seems to be there.