Post by
gjervis on Sep 23, 2011 1:20pm
I am now greedy
since there is blood in the streets, hope i get filled before the end of the day.
Comment by
mineplanner08 on Sep 24, 2011 2:50am
Coal is still our biggest play here. Coal price actually closed up Friday and down only slightly on Wednesday/Thursday, not to mention the contracts locked in at around 76. Coal has barely budged vs. the other commodities! With guaranteed cashflows, the big downside risk is on the partner companies in a sustained downturn. Good luck out there.
Comment by
mineplanner08 on Sep 24, 2011 1:14pm
And if my calculations are correct, the coal price actually hasn't changed in CDN $ terms since we locked in the contracts. When taking into account the change in the CAD:USD, which dropped to ~0.97, the coal price has not changed while everything else crashed this week! Please correct me if I'm wrong.