OTCPK:LLEN - Post by User
Post by
chsharpeion Oct 06, 2012 12:02pm
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Post# 20456676
More from the Mark Mobius article...
More from the Mark Mobius article... '‘Meaningful Recovery’
Coal prices may stage “a meaningful recovery” late this quarter or in the fourth quarter as the economy stabilizes and after companies cut output, according to Cai Hongyu, an analyst at CICC. Prices may rise 3 percent in the fourth quarter to 650 yuan as utilities increase stockpiling amid a drop in supplies, Helen Lau, UOB’s Hong Kong-based analyst, said in an e-mailed note Sept. 20.'
...referring to China coal cos such as Shenua, Mobius said, '“The slowdown that we’ve seen in global markets means there’s an opportunity for these companies to buy mines at low cost.”
https://www.moneynews.com/Markets/Mobius-Bullish-China-Coal/2012/09/28/id/457928
Perhaps LLEN will take advantage of the opportunities, also.
Sharpei