In my humble opinion there appears to be more downside than...

In my humble opinion there appears to be more downside than upside. The div yield is not going to be anywhere near forecast which had been the major factor in my buying the stock since $4.50.

The further downside is the setting of new contract prices and any production shortfalls at any of its mines. Coal has a history of disappointing on the production front due to any number of reasons such as :

Can't get it out of the ports (as per MCC)
Machinery breakdown or collapsing walls.
Strikes.

It appears that there is more chance of disappointment than anything more positive. I feel the stock will drift back to the low 6's until the production profile and contract price certainity is firmed.