will there be a new 12m low today, page-15

I believe the company says their coal attacts a 6% discount from newcastle spot price (bonus for their low ash content), so it may not be so bad.

I believe that many coal companies have been targeted for a sell off recently.

Our generous capex numbers don't help our cause, but they have started to engage contractors which will help.

The market has doubted we can raise the $$$$ for capex, so far they are correct. It is cpl's job to prove them wrong.

CPL are also promoting the company where it is located, so any Aust insto's may just not care for it at the moment.

Whichever way, H2 2012 is put or shut up, I am not thrilled about a finance solution being touted q2 2012 only a few weeks ago in a presentation, and a new presentation today shows H2 2012. Poor communication!!

If they can't seek funding in 2012 for whatever reason, then they may as well sell it 100%, that will rid the shorts in one day, and wilkie creek (peabody) keeps attracting interest from suitors.

IMO