Based on the below link to thermal coal prices, contract prices...

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.