RE:RE:RE:No noise anymore!!
I agree coal will go up.
From:
Wall Street Journal today
Foresight Energy Bets That There's Gold in Coal
Though, permits will trigger payment to First Nations about 6.5mil, so I don't think they are rushing to obtain permits as who is going to pay for them? In their last statement, they stated they only have about 5mil. left enough to last till the end of July.
First round of layoffs were last week 1/3 out of 26; next rounds of layoffs will be July. Which office will be closed, Vancouver or Hinton?
I don't think it is all about coal prices, good money management is a key to sucess and they lack this part.