Gloucester Coal due to report results any time now
As with other coalers they are enjoying boom prices.
Macarthur coal has today reported great results.... & GCL will also be excellent
But the real profits will come next year when they enjoy a full 12 months of the new coal prices
Based on current price their projected p/e ~ 4
GCL have a lot of upside from here IMO
I hold GCL
Caveat emptor
Bendigo
