Whether some like or not coal is still the only viable energy...

Whether some like or not coal is still the only viable energy source (for the next 30yrs) due to relative cheap price of the coal itself and coal burning technology.

Currently and in the fore seeable future, there is no replacement technology of comparable costs and comparable energy output to replace coal.

For CEY, there was newspaper report about PTT-EP and Chinese interests in bidding for CEY (still waiting for official release). CEY is a very attractive to bidder due to it very large reserve and 10Mtpa output to well secured and diversified power station customers (can't get more secured than powder station).

Main reason for Maq underformance is the large CAPEX that CEY has budgeted (their rationale is that if it doesn't work out then waste large amount of money).

The CAPEX is mainly geared toward getiing more coal out to a more lucutive export customers (as compare to local NSW power stations). I am all for this!

My opionion of analysts' recommendations: full of....

I also get Maq reports but brought more CEY when they underformed it at $1.70 (more at $2 and more at $3) and will still hold untill the export volumes peaks (in 2018!).

If you believe that coal is the only option for fuel, then CEY is the big one (10Mtpa)