huntley still has a buy......, page-5

Well guys i just cant get my head around some of the comments made regarding CEY s fall from grace. Look at the fundamantal market coal prices are dropping and as usual at this time in the cycle the big boys are increasing production volmes. It happened in the 80s and is happening again. CEY never really benefitted from the current high prices as most of production was locked into long term sub $A40 per ton contracts. As far as Tahmoor is concerned its a high cost mine,if hard coke prices drop too far it will lose money just as it has done in previous years. i have been in this industry for over 26 years and believe me history does repeat and you can bet those who are sellers remember also.