Coal Sales Personally I do not expect an announcement in June '12. I believe that SC was too quick to answer questions at the AGM indicating a sales contract announcement sometime in June '12> the reason is that spot sales will be hinged on quarterly agreements regarding price for the next quarter and these guys tick on a calendar quarter i.e quarterly prices will get fixed end June for the following quarter. Any customer in the spot market will want to wait for that benchmark price fixing to sign spot contracts.
this is my opinion and i have been wrong before
good luck to all
H2OMan