Finally some good news : at this time it is real.
First shipment of 80,000 mt as advised by the company due to loaded out of Port Kembla next week.
SP looks pretty good value, despite the debt the company is carrying.
The price for coking coal is now creeping up (demand from India) at USD70 pmt
With 800,000 mt ex wongawilli : that equates to around AUD800m revenue - plus the reserves at South Bulli.
Finally some good news : at this time it is real. First shipment...
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