while waiting for news ...

Waiting for news or the next company quarterly report we
are now subject to a double hit. The first is the reduced interest rate on our cash reserves and the second is the falling price of thermal coal coupled with record coal stocks in China.

Hopefully these won't affect the long term outlook but in the short term they are bad for sentiment - I wonder why the company has stopped the share buy back with the price now 17.5 cents.

I am also intrigued by the way the company reported at end April on an emerging energy asset which could complement the potential coal project in Xinjiang. They didn't say it was coal - I wonder if it could be shale gas.