weakness in the sp, page-2

Pretty much every coal co SP is either stagnating or trending down for a while. This is most pronounced for explorers and early stage developers. I think the main reason is lower thermal coal prices, lower coking coal prices (QLD flood effect is over), lower outlook for Chinese steel output, lower growth outlook in China and low growth in western economies. Also early stagers carry a big project risk and funding is not easy on this scale given so many Euro/US banks are under big strain with nonperforming loans.