Hi Thaigher and all, If China is so short of coking coal how...

Hi Thaigher and all,

If China is so short of coking coal how come they can afford to turn back fully loaded ship loads of coking coal unloaded from their ports. Is this just another false news item or straight out Pork Pies!

Any idea what the additional freight costs would be to transport coal halfway across continental US and then the Pacific Ocean. A more cynical person may wonder if this is one of the reasons we no longer hear about that 35% import duty in the USA for goods from China.

“China rejects North Korean coal shipments, opts for US supplies instead”

http://www.foxnews.com/politics/201...l-shipments-opts-for-us-supplies-instead.html

At present I don’t hold this stock; however, I have been watching for a suitable entry point. As we know it’s difficult enough to make a quidin a normal stock market but when you add in a few geo-political machinations it’s becomes even harder.


Cheers and very best regards: Andy