And there in lies CEY s problem. Very little export grade coal and no spare capacity to take advantage of strong market but the killer is costs, it cant pass them on thru current contracts.Anvil Hill was to be the saviour but it is being pushed back as it becomes politicaly too hard with a state election looming. Current site meetings with senior management are not filling anyone with confidence. The outcome of the review was not what they wanted but has been forced upon them. If we see a drop in the next round of contracts with Japan and co then it may have dire affects for CEY because even though they are not big exporters it provides the cream of their profits . And maybe the appearance of orbis is somebody getting ready for a seat at the table. Cheers roidz.
CEY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
