IMO - 2 big issues with this and I might add nearly all other coal stocks are: 1) hedging position - at 65c the hedging is a disaster; 2) the impending export price negotiations.
In respect of item 2 - surely this is priced in by now. Does it deserve this treatment - prob not - so maybe we might see a correction. But finishing on a days low is not a good sign. I'll have a close look tomorrow - i note other coalies have also been hit today - so take heart - its nothing personal.
CEY Price at posting:
$1.85 Sentiment: Hold Disclosure: Not Held
