re: huntley still has a buy......roidz
Hey Zen, glad to see you understand CEY a bit better after the agm. The glue you refer is nasty stuff extremely toxic and very expensive@ $1000m3 and we are still using it. Newstan still is struggling it will be at 3-4 more weeks to get thru the bad ground. By the way it wasn't vandalism it was a gas build up and it blew the cover off, a security guard saw it happen the second time. You made the comment about China not affecting CEY indirectly at the momment it is having a major one and that is in costs. It is CEYs biggest problem because the contracts are long term they are also way below market rates, so when costs climb for contractors, men and equipment it hits CEY very hard since taking over powercoal costs have skyrocketed and you can confirm it in the annual report. At the end of the day CEY could be classified more of a utility play than as to company that rides the coal cycle but it should trade at an approbriate discount.
CEY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
