I worry about you guys. Seems you do no research and have little recall of previous announcements.
Refer 11 December ann. and read in full. You will see in Foot notes PCI price.
You will see: § Sale of 10,000 tonnes of BBM Anak coal at USD96.60 per tonne
Since then PCI spot price has escalated USD 30 to 40.
My opinion (with good reason) I that 2nd spot sale has happened and coal is on the river to buyer.
You will soon see that my opinion is good.
I believe that PCI spot is about US 156. (anybody know?)
Quality of BBM PCI demands approx. +USD15 to benchmark.
So USD 171. Tell me I am dreaming.
This is FOB ship so discount for barging down the river.
We are looking at least US 120 for current cargo. IMO and that is a huge discount.
CKA Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
