Post by
JBBminer on Sep 23, 2012 9:42pm
platts
If you trust platts, the settlement is $162HCC, this will be another leg down. Coal sector has a whole in the tire tube and is deflating FAST. Back to the bottom in '08, only this time 4x as much debt...back up the truck when the chapter 11 filings start?? maybe, but look to the above grade miners first. Walter has the best coal I wonder how long they can hang on to it for? High risk High rewards. JMHO