Due now to China heat wave it’s set to release another 10 million tons of coal from its reserves to prevent shortages amid soaring coal prices and tight supplies in the fifth such release this year.
Agree DusterMan, they always come out of woodwork from nowhere it seams. Still only a 7m MC so worry’s on my part, will buy a few more if opportunities arise.
Agree kingivor, on all points apart from not buying a few more at this level as downside is only a penny! What I will do this time is sell half at 6p and let the rest ride, as I also sold out of ARB to soon.
Yes watching along with Google alerts set up and that’s why I bought in for a Gas find as they expected shortfall of gas supply in eastern Australia in the next couple of years!