why the drop, page-3

The drop due to the stk foing Ex-div today, plus Perpetual flogging some on open.

For those who just stumbled across this on a newswire or Biz channel, probably looked at the graph & formed an opinion.

Anyways, for the the Sept qtr their coal sales should b in come in around the 1.25 mT mark. For the 12 months ending July '09, they had produced 5.14mT & sold 4.97mT & there have been no mishaps or operational breakdown to stop production at Acland Colliery, hence my estimate of 1.25mT.

Note that, since our dollar is on pretty close to the USD, exporters can b hit hard by the forex conversion. So thats the only negative. U cant win all the time, same goes for gold & oil stks here.

Apart from that, they issued 600,000 shares today at $5.6631, so now the total no. of shares issued are 826.23m @ $4.89, gives them a mkt cap of $4.04b!!

Not bad with zero debt & over a billion in the bank &
proved reserves of 221 mT at Acland & overall resource of 874mT. Thats plenty of years of coal to produce not to mention their strategic investment in Arrow Energy & Planet Gas.

IMO, their SP should correct itself.