CEY 0.00% $6.16 centennial coal company limited

re: up another 4 per cent no announcement moondoong, don't panic...

  1. 98 Posts.
    re: up another 4 per cent no announcement moondoong, don't panic sell.Apart from Newstan and the fact that the ubeaut big gear is struggling, therest of the group isn't travelling to bad. Mandalong is prodt once the sale is producing well, mannering is a struggle, roof problems ,but it will be gone in the sale. You have to consider that once the balance of the old Powercoal mines are gone so is the performance drag. It will affect the fullyear result and sp will probably fall but once sale is finalised it will be a leaner meaner co and getting back to its glory days as well managed producer. FYI last week we had the Chinese owners of Austar mine having a look, this week its the Indians but no word on any of the heavy hitters but most of them know the mines pretty well anyway. Cheers roidz
 
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