OTCPK:NGMBF - Post by User
Post by
Aunt_Sallyon Dec 29, 2008 2:35pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
471 Views
Post# 15670048
$10.2 billion in combined LOSSes!!
$10.2 billion in combined LOSSes!!"...The deadlock underscores collapsing demand for electricity that's driven power producers' coal stockpiles to a record. Generators may post 70 billion yuan ($10.2 billion) in combined losses this year as the world's fourth-largest economy heads for its steepest slowdown in almost two decades...."
https://www.bloomberg.com/apps/news?pid=20601080&sid=ax3Iq4nHJi8w&refer=asia
This is BAD for coal producers!!!
Aunt Sally
PS: The out look for coal is BLEAK at best!!!