I have been watching this for a while and it does seem that sentiment is shifting somewhat...
no sellers (pretty much at all) and plenty of buyers (granted mostly down LOW but still a few ontop which are not being dumped on)
talk around that India in the next China (before the slowdown!) and they have high demand for coal...also lots of mines shutting down so those mines left have more and more buyers....of course only real holders are now Jindal (82%) and ICICI bank (10%) so I guess it is all up to them where they want price to go.
The NSW Planning Assessment report should be very close to announce (company just informed me expecting this week).... cross fingers favourable outcome!
nextime
WLC Price at posting:
1.6¢ Sentiment: None Disclosure: Held