re: 1/2 yearly - comment roidz ? Dismal performance by CEY for...

re: 1/2 yearly - comment roidz ? Dismal performance by CEY for first half - profit of 3 mil only, loss of 35 mil on Newstan - Roidz was spot on. Company still claims that Newstan now on track although still forecasting losses at Newstan for time yet - does not add up to me. A lot of hedging, so must be concerned about falling prices. Tahmoor still not getting good prices due to previous lousy contracts. There is more debt and profits outlook weaker. Why did the sp rise on Friday ? here is their summary:
Newstan problems: some flow-on effect to H2 although less
than in H1
�� Full year profit in line with FY2005
�� FY2007 to benefit from higher coking coal prices and general
production increases
�� Strong outlook for FY2007 and beyond, particularly as Anvil
Hill commences production in FY2008