undoubtedly true28 Apr 2009 14:33
But the SP and spread etc isnt being shown on the graph very well, its not really tradfing at the ranges its showing atm imo. Its drops some 10% over the last week/ few days. Sell today @ 42p+, get a sneaky suspicion this is going down before it goes up, are we waiting on confirmed prices and quatities of Coal orders next year, plus results in the next few months? Nothing sooner?
Massively undervalue, but thats only if they can sustain the coal prices they negoiated last year, which were some 200%-300%+ over the previous years prices. This is dont believe is very guaranteed.