taken a gorilla at 30, page-4

Based on the below link to thermal coal prices, contract prices appear to have bottomed. CCD is also of interest and may take a few with her as they disclosed it had received
approaches from Essar Minerals Ltd and other parties which may or may not lead to a possible cash offer for the company.

Interesting sector atm and IMO, looks heavily oversold if we assume the worst is behind us.

NB. They listed at a $1.00 mid last year.

Coalworks managing director Andrew Pirek was a former board member of Allegiance Mining and is on the board of Gujarat NRE Minerals, a $1.2 billion company also focused on the southern coalfields of NSW.

Coalworks chairman Wayne Mitchell was a former head of Central Victorian Gold Mines and led the project management on the Burton Downs Coal Project.