happy new year
Nice to see ownership step up and buy shares at .99 cents.. seems like coal producers are holding off signing agreements with China and they are running very low on their supplies. My understanding is that PCY uses agents to get their coal contracts and they take a hefty portion.
Would not like to see PCY hold out too much longer as you don't want to get in the bad books with the Chinese over prices. Seems to me Lee was looking at $45 or $50 tonne as a good price but it looks now to likely be quite abit higher... do we really need agents... ? .. right now asia is desperate for coal.. China is having "brown outs" in some provinces. I know business is business but i hope we don't let them freeze over there!
Have a nice weekend and a good week coming.
gt