Thanks Zen, what did you think of the quarterly ? with only 3.3 mil tons they would appear to be well behind for the year. they only produced 200 kton at Tahmoor and predict 1.6 mil ton sales for the year. This is the critical mine for them as coking coal prices look like holding up, and they can ship 4 mil ton via Port Kembla. l recall that Austral had pre sold their coal at poor prices - do you know if CEY are still fulfilling those contracts ? or are we selling at US$120/ ton ? Otherwise most of their mines are underground which will involve more downtime for changeovers of longwalls and the inevitable "difficult mining conditions". however dips will be opportunities to buy. l think the all ords will dip again middle of Nov back to 4300 support level and that could coincide with CEY dropping below $4
CEY Price at posting:
0.0¢ Sentiment: None Disclosure: Held
