re: sabotage at newstan - roidz
Roidz, thanks for good news on Newstan, these things have to be expected with underground mining. Do you think the price of oil is directly linked to coal ? l fail to see how the PCI / Coking prices are linked to oil when they are used for different purposes. Talk yet again of Peak Oil and possibility of a price spike above $100/ barrel - what would that do for coal ? You mention the greenies have some political connections - who would you say has the upper hand ? l guess with the extra energy demand from air conditioning and now the desalisation plant for Sydney they have to get extra coal from somewhere. there is not much hydro electric from the Snowys these days! Thanks for the post and keeping us up to date on CEY. Prices have stabilized lately and that is a welcome relief! l looked up the Bradken + Cardo tips, and you are correct - they are doing very well lately. well done!
CEY Price at posting:
0.0¢ Sentiment: None Disclosure: Held
