Oscarone - the impression I got from the last quarterly report is that the emphasis is definitely on commercial discussions for the thermal coal project in Xinjiang. As you said the downside should be limited by their cash in the bank - a good thing in view of the current concern over the ability of China to maintain its high growth rate. Also I feel more comfortable that the company is pursuing coal projects in view of the almost guaranteed long term demand for coal in China.
LRL Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held
