huntley still has a buy......, page-10

re: huntley still has a buy......roidz You seem to be overlook the increase in demand for energy in particular coal in your comments, probably intentionally.
As people get richer there demand for energy increases.
The Energy Information Administration based in Washington DC says that the demand for energy in Asia is likely to go up 200% by 2025.
That works out at an increase of almost 30% a year.
They say that China and India is likely to account for 80% of all coal use.
In their annual report, CEY (p47) says "growth in steaming coal trade in Asia is expected to mirror this coal use growth and Australia's share of this growth is expected to remain around present levels."
Indian steel companies are trying to buy coal companies around the world but seem to have the money to buy anything substantial yet. Have you seen the company's they are trying to buy...just tiddlers in the scheme of things.
Coal seems to be a business that requires a lot of mechanisation. Putting more humans down a mine shaft and paying them peanuts probably won't reduce costs that much in this industry as the main cost is in machinery.
China is trying to ramp up production true but the fact is that they don't seem to have the capital to do it safely as mining disasters and the death of miners attest.
There seems no reason why we can't compete with China and maintain our share of the market at the moment and perhaps take a bigger share.