quality piece, interesting with the infrastructure heading south, been listening to some positive things about the south rail development from other sources, altho south gobi has eased off plans to connect to their mines
some interesting light reading: http://en.sxcoal.com/NewsDetail.aspx?cateID=167&id=31058 - talks about southgobi and their rail-link to china pull back after uncertianty in government policy (noting im sure the link will be constructed in the near future)
http://en.sxcoal.com/NewsDetail.aspx?cateID=167&id=31031 - talks about the surging coal price
http://en.sxcoal.com/NewsDetail.aspx?cateID=168&id=30159 - talks about the doubling of coal imports into china, making mongolia 3rd or 4th biggest coal suppliers to china
http://en.sxcoal.com/NewsDetail.aspx?cateID=167&id=30168 - southgobi's ability to make awesome profits due to a very efficent cost structure in mongolia
http://en.sxcoal.com/NewsDetail.aspx?cateID=167&id=29902 - talks about southgobi's logistics and the use of Winsway for processing, washing and transporting Coking Coal and bringing resources from Mongolia to China.
Now I fell that we are looking at a very solid rally this week, very strong buying pressure. Very pleased on the positive trends on this stock, never ended up buying more during the profit taking last week, totally regretting it now
I am waiting on the announcement of that mine going into production, sure I remember it saying it would be up by the begining of June.
but yeah, just my two coins of thought
HUN Price at posting:
$1.04 Sentiment: None Disclosure: Held