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Coal - where to now?

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5.48 days supply in China , power crisis , govt. bans on further exporting during crisis .

Anyone else think this is a positive for coal stocks ?
 
Hi Nick ,

Your pulling my leg aren't ya Nick ? :


My bet is your laughing all the way to the bank , $1.88 cap ret. and the price is back there already , yeeehaaa .

Yeah yep and yup and I have MCC too ...............

Who said there's no such thing as money trees ? We just have to keep Marius Kloppers at bay
 
Does anyone have info on what's happening with the domestic, as opposed to export, price of coal in NSW at the moment? I'm assuming there would be a significant gap between export and domestic prices given the port constraints.
 

yep not bad MCC!

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 27.6 21.9 86.3 115.6
DPS 18.0 13.8 43.5 57.8

thx

MS

CEY, FLX, GCL, MCC, (RSP-NHC), WHC, AQA, RIV, COK, NEC, CZA, PRC, CDS, CNA, SRL, MLM...
 
Micheal you may like value stocks , the US listed DRYS is trading about 9 X and around 4.5 fut earns . Discount to its peers in sector , thought I'd get it out before CNBC ruin a good thing ...........

DRY BULK

PS ... Peers are trading between 10 to 22 X
 
Hoping still Nick , ya razz .

Hope , you don't hope your a pro , hope is an emotion , I get them usually after I've entered a stock before a US opening , but they're call sphincter reactions until I've hit sell or the stocks has reached my limit .

MCC today for Micheal a bluey and change for a good day mate , I'm smiling .

Looking for a strong close .

PS , Im in line for some ABB too , dif area I know .
 
I had my profit target set at $3.58 and missed by 5c (100% measured move out of the flag). We had a saying on the trading floor, 'don't be a dick for a tick' which basically means be happy with what you got!

Emotion...errr...I did back off 1/2 the position to take profits at $3.90 on the open. You got me all excited...and now I've been let down. There is always tomorrow I guess.
 
Do you trade FX Nick ? I reckon you'd be a whizz at it , if you've been on the trading floor you should be able to smell emotion and sentiment changes in a markets mood .
 
'Plan the trade, trade the plan' Out at my target.


and now probably draining the Eumundi Brewery

Good on ya Razz , I mean Nick ,


I did move some off the board , but it was to line up on ABB ( which get's hit hard some days ) , I might game the rest to see if it can waltz into the $5 range , that would be very nice indeed . The swings in the market are huge on some stocks , although the volumes are feeling slower , haven't taken any official count yet .

You'd have a better idea on that than me .

Been in and out for a lark on IPL twice and it's had b. all volume , still have holding though . I even grabbed more ORI , whilst they are not huge buyings , they have been helped by the goldies rise , which I sold , and will probably kick myself for , I'm now in an a position where I feel I have too much cash on the side and it's useless sitting still to me at present , it certainly doesn't have the patience to wait a year . So I have placed a ridiculous entry point for a small parcel of ASX , which in this climate I might actually get . I will be putting a bid in for some more CEY too , by the looks the goldies position left , they're definitely back on the agenda on the next dip , if we get another one ..........


Noted your comment in another thread , showed the missus and it got the same reaction I had might have to borrow that one .

Don't hang anything out in the sun though , it will fade , read the label first , especially if it's made in China .
 
looks as though the most performing sector on a bull run includes the resource stocks but more specifically iron ore and coal (used in steel)

both these two commodities are being mentioned continually in the AFR and are expected to rise 10 fold..

does that make coal stocks atm under valued?

not to mention the floods in QLD atm! extreme shortage
 

Really? 10 fold for both iron & coal? any links?



thx

MS
 
Do any coalers have an opinion on CES? They are performing due dilligence currently on a producing coal mine,and have several other promising tenements.

This should provide cash flow for them if the acquisition proceeds.

They have a tiny mc of $3m, and the chart looks terrible, though looks to have bottomed. Recently announced purchase of 4 iron ore exploration companies in Indonesia, who hold land containing "bedded iron deposits".

$1.7 m cash.

Options expire late 09, exercise 20c, currently 2.5c. SP at 10c, though has been significantly higher during past year (like most other speccies I guess).

Thoughts on whether this could go for a run based on iron acquisition and / or coal mine purchase?
 

Hm interesting, never heard of thsi company before!

Coal Fe Resources Limited was incorporated on 28th September, 2006. The Company was formed with a Vision to be a reliable and dependable Indonesian Mineral Producer by the year 2008. Its Mission is to acquire rights to coal, iron and other mineral projects, explore those projects and, based on successful exploration results and economic conditions, develop those projects to produce and sell those minerals. The Company will also consider new acquisitions.

thx

MS
 
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