Its got me baffled too 888 the annual report was quite positive highlighting the export potential coupled with the co sounding hopeful on securing buyers. There is downward pressure on all my other more speculative stocks with no positive anns.
They will be selling the coal in C$ I suppose which is of course aligned with the US$ so the underlying co valuation will go down accordingly. Maybe something to do with that. Someone mentioned I think on this thread the exercising of a large vol of options which must have an effect. But it does not have a very high market cap which might not help in these risk averse uncertain times.
JAL Price at posting:
35.5¢ Sentiment: LT Buy Disclosure: Held
