Up strongly today on what I suspect to be institutional buying...

Up strongly today on what I suspect to be institutional buying so what is the driver.

Coal is the flavour of the month with Indian and Chinese energy shortages driving thermal prices and Asian tiger economies shrugging of the GFC driving metalurgical prices.

2nd offtake agreement probably too be announced soon after management are back from their 5 min breaks.

The goverment officials in NZ openly supporting Bathursts project at Bulla as the light on the horizon for the economy of the South Islands west coast

Drilling rigs soon to (hopefully) expand the resource considerably.

Nothing new in any of this, just throwing it out there to see if todays strength can be explained in any other way, is something new about to emerge

Any thoughts

Viney