I waited too long to get into this one. Watched it at around 3.70 but wanted to do more research & didn't get any before the rise. Finally bought in today. I think this price will be well supported by the share buyback, which starts from 27/10. Also, MCC has been rising steadily after their profit guidance. This should have a positive impact on GCL. Of course, the quarterly report will tell all. Hope it's a goody. My other exposures to coal are SRL (partial due to near 50% ownership of SAR on the SGX)) & IDL (partial - indirect due to selling mining equipment to the underground coal mines).
Cheers, Z.
GCL Price at posting:
$4.02 Sentiment: Hold Disclosure: Held
