It is a normal reaction to panic, but never forget it, because when people capitulate, the sp is almost always oversold. At least two institutions are buying substantial holdings. Can they be wrong and HC posters right ? There has been some seeded doubt instilling fear on this forum which should be put in to perspective. Maybe it is not all altruistic but has agenda. Maybe Glencore is interested. There are enough coal players in Australia for it not to be a competition issue. Glencore have been strong and successful defendents regarding the Austral shares they swapped and bought to stymie Centennial. Why, when the game is lost ? Maybe they are helping to manipulate the sp weaker and shake the tree of small holders. Glencore know how to play hardball, and Centennial would be a rich picking whlst people are distracted by Newstan. People should be looking at the broader picture if they are not traders. The company is trying to fix an issue that they have had extended trouble with, ie Newstan. It will be fixed and the stock will be rerated. The other mines are going well and are supporting the company profit.
CEY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
