Australian (ASX) Stock Market Forum

Coal - where to now?

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Hi All i have added another coalie to the list (AVA)!

CEY, FLX, GCL, MCC, NHC, WHC, AQA, RIV, AVA, NEC, COK, CZA, PRC, CDS, CNA, SRL, MLM, CES, EQX,

20_3_2008_weekly.gif


Let me know any others

Thx

MS
 
not alot wrtten about emeging coal explorers/producers Did a bit of research about RCI but can't remeber where i posted it !
RCI recently bought a Chinese mine and also have exploartion going on in Aus.At 17c a cheap play. Only down side i can see is a Whopping 50 million dollar loan to a chinese business man. Sounds a bit sus Does anyone have nore info on RCI that is not available on their website ?
anythoughts on Bowen BWN ?
 
countryboy said:
not alot wrtten about emeging coal explorers/producers Did a bit of research about RCI but can't remeber where i posted it !
RCI recently bought a Chinese mine and also have exploartion going on in Aus.At 17c a cheap play. Only down side i can see is a Whopping 50 million dollar loan to a chinese business man. Sounds a bit sus Does anyone have nore info on RCI that is not available on their website ?
anythoughts on Bowen BWN ?
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Hi some more coal stocks to the list

CEY, FLX, GCL, MCC, NHC, WHC, AQA, RIV, AVA, NEC, COK, CZA, PRC, CNA, CDS, WES, SRL, MLM, CES, EQX, EER, RCI...

10_4_2008_weekly.gif


thx

MS
 
anyone else notice that some of the green stocks today were mostly coal?

CEY

MCC - takeover << that was under $10 not long ago :banghead:

also some junior explorers, BWN and RCI up 13% respectively


demand > supply
 
Crikey!!

Report in the news today that China ONLY HAS 12 DAYS COAL RESERVES LEFT - down another 3 days from the last estimate. Ominously a bit like the Doomsday Clock ticking....

What is the solution to a possibly catastrophic shut-down of their energy rapacious economy?



AJ
 
Aussiejeff said:
Crikey!!

Report in the news today that China ONLY HAS 12 DAYS COAL RESERVES LEFT - down another 3 days from the last estimate. Ominously a bit like the Doomsday Clock ticking....

What is the solution to a possibly catastrophic shut-down of their energy rapacious economy?

AJ
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Hm do you have any links to the above?

CEY, FLX, GCL, MCC, NHC, WHC, AQA, RIV, COK, CZA, PRC, CNA, AVA, NEC, WES, SRL, MLM, CDS, CES, EQX, EER, RCI, BLK, BWN

thx

MS
 
Another link to the Shanghai Daily referring to China's pending coal shortage...

http://www.shanghaidaily.com/sp/article/2008/200804/20080423/article_356943.htm

I'd love to know what the Chinese Government means by "we are working" on the problem. Seems that nothing they have done so far (eg: paying "crazy" price increases for urgently needed coke and coal shipments to cover their internal production shortfalls) has stopped China from getting desperately close to this critical shortage.

We all better pray that no disaster(s) befall their coking/coal production capacity in the near future! :(

AJ
 
Aussiejeff said:
Another link to the Shanghai Daily referring to China's pending coal shortage...

http://www.shanghaidaily.com/sp/article/2008/200804/20080423/article_356943.htm

I'd love to know what the Chinese Government means by "we are working" on the problem. Seems that nothing they have done so far (eg: paying "crazy" price increases for urgently needed coke and coal shipments to cover their internal production shortfalls) has stopped China from getting desperately close to this critical shortage.

We all better pray that no disaster(s) befall their coking/coal production capacity in the near future! :(

AJ
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Hm world shortage would be a scary thing, imagine no light and electricty in Australia! Is this possible?

thx

MS
 
michael_selway said:
Hm world shortage would be a scary thing, imagine no light and electricty in Australia! Is this possible?

thx

MS
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Hey, no problemo amigo! It would seem not many ASF posters seem worried enough by this news to venture any opinion on what effect they might see it having on us here in Oz (and the rest of the world for that matter) IF China is forced to drastically reduce economic demand/output within a couple of weeks as a result of their coal reserves running out - obviously a worst case scenario.

IF that happens, I postulate that the fallout from Sub-Prime that shook world financial markets to the core will seem like a picnic in the park on a sunny day in comparison to the gloooom that would ensue from a sudden, severe Chinese economic downturn due to energy shortages. I guess time will tell. At least we won't have to wait long to see whether they can literally dig themselves out of the looming black hole. Say, when are the Olympics due to run? Opening Ceremony on 8th August. With the rate their coal reserves are dwindling, they might be lighting candles to run events by....

AJ
 
Aussiejeff said:
Hey, no problemo amigo! It would seem not many ASF posters seem worried enough by this news to venture any opinion on what effect they might see it having on us here in Oz (and the rest of the world for that matter) IF China is forced to drastically reduce economic demand/output within a couple of weeks as a result of their coal reserves running out - obviously a worst case scenario.

IF that happens, I postulate that the fallout from Sub-Prime that shook world financial markets to the core will seem like a picnic in the park on a sunny day in comparison to the gloooom that would ensue from a sudden, severe Chinese economic downturn due to energy shortages. I guess time will tell. At least we won't have to wait long to see whether they can literally dig themselves out of the looming black hole. Say, when are the Olympics due to run? Opening Ceremony on 8th August. With the rate their coal reserves are dwindling, they might be lighting candles to run events by....

AJ
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Hm interesting thanks, ok updated list

CEY, FLX, GCL, MCC, NHC, WHC, AQA, RIV, COK, CZA, PRC, CNA, AVA, NEC, SRL, CDS, CES, EQX, EER, RCI, BLK, BWN, MLM, WES,

LNC, AOE, SXP, MEE, CXY, ORG (coal seem gas)

2_5_2008_weekly.gif


Thermal Coal back at $US130 a tonne (NEWC)

Thanks

MS
 
Yeh, I thought the same as Noirua as soon as I heard the Budget!

Nick, I imagine it would have an impact (thought not sure which particular infrastructure is being upgraded and which those companies you name use).

Sure one of the F/A coal buffs here could shed some light?
 
Nick Radge said:
noirua, is that why some of the coal stocks are firm today, namely CEY, CZA and NHC?
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There are a lot of new coalmines coming into production in NSW and Queensland. Rail services need upgrading to the port of Newcastle, NSW and to the Gladstone Port in Queensland. Newcastle Port is seeing a 65% upgrading by 2010 and the coal must get there on upgraded rail lines. Gladstone has been upgraded and there is now a scramble to get the coal to the ports, but the rail services are just not there at times to Queensland's more Northern Ports. The coal Port of Abbotts Point is also being expanded.

All of the major mining companies have new mines coming onstream as well as the medium size and minnows in the coal sector.
 
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