Not working? China has contracted a billion tons of coal this year from mines in Mongolia,They want all they can get ATC's total production is a tiny amount compared with Chinese needs.As mentioned before the Brabcepeth tie up for coal will for far in excess of a 100k tons ordered.What better position than having a guaranteed forward contract for coal?, at some time the sp will react to that.
Mining connections and background in this business. The directors see potential for themselves but shareholders will all see value. The market is created , whilst china likes to retain the money it's willing to pay western places for energy , they have no choice. Uk based board, connects in other areas with uk ran businesses like cic. Together they can hopefully realise value from china
Most mining stocks bounced back today there's a bigger wave other than from the storm
Bigger picture lots of factors affect the share price I'm focusing as always on fundamentals just looking at the so daily will make you go crazy.. But the 100% rise not so long ago has held up pretty well expect a few more spikes on news good weekend to all
Holiday was good. However I missed you all. Ballooning in Capodocia was fantastic. In the middle of the night I dived in the swimming pool. It was freezing cold water but so beautiful that I couldn't resist it. Again we will all be ok. God bless.
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