re: huntley still has a buy......roidz
I agree. Just went to the annual general meeting. Most of CEY's coal is thermal coal about 80% and it is tied up in long term contracts to power stations. In some case they just ship direct my belt to the station. No body could produce it cheaper due to proximity and in that way it has a monopoly. It will always have that steady flow of income. It is only recently started getting into export of coking coal and that will only account for 15% of revenue. I doubt very much if China is an issue with this company.
CEY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
