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Straits Asia
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nickyng
Supreme |
08-Feb-2010 14:42
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my Arty shelling wont rest until 1.90...hee :P SONG or not ??! bombard until that burger begging for mercy! :D |
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street81
Senior |
08-Feb-2010 14:30
Yells: "Learning to love the streets" |
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i like it when it gets lower...
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nickyng
Supreme |
08-Feb-2010 14:29
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haha $1.99 area targetted !! take cover...more shelling to come !! :P Dont Say i Did not fore-warned u hor !! :D |
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nickyng
Supreme |
08-Feb-2010 14:11
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adopt SHORT-first-TALK-later strategy wont regret at this point of BEARISH sentiment! :P
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sengsk
Senior |
08-Feb-2010 13:33
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Is that time to short ? (( If index point down )) Head and Shoulder formation form. |
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nickyng
Supreme |
08-Feb-2010 12:40
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well...got a taste of my SHORTISTS brigade's FIRE power at $2.00 ?!??! :P hee... pending my cannon balls resource availabilty(need to bomb burgers as well leh! eg.Hyflux ?) in p.m session...this burger will be further bombarded !! :P cheers ! |
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risktaker
Supreme |
07-Feb-2010 13:31
Yells: "Sometimes you think you know, but in fact you dont" |
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Rebound coming :) |
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waterfalls
Senior |
06-Feb-2010 14:29
Yells: "Investing is calculated risk, patience n luck" |
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i'm vested..there should be a technical rebound on Mon. | ||
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nickyng
Supreme |
05-Feb-2010 14:29
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$2.03 supporting.....BUT no for long....take cover! Arty battery firing !! :P pls be fore warned !! hee :D |
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daphnecsf
Senior |
02-Feb-2010 21:56
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Straits Asia Resources bags 5-year coal supply contract from Adani Group Mainboard-listed Straits Asia Resources says it has signed a five-year contract to supply coal from its Jembayan mine in East Kalimantan, Indonesia to the Adani Group. The Jembayan Mine produces two types of coal: Prangat and JMB, both known for their consistency in quality. Under the terms of the contract which is effective from 1 April 2010, Straits Asia will sell every 12 months, 1.5 million tonnes of JMB coal and 500,000 tonnes of Prangat Coal. The agreed FOB price for JMB and Prangat coal for each delivery will be based on the public index floating price. Delivery will be evenly spread from April 1 2010 to Mar 31 2015. Adani Group is one of the largest business houses in India with interests in trading, infrastructure, mining, power generation, edible oil, logistics and agri logistics. It is the largest coal trader in India and expects to trade in excess of 26 million tonnes during 2010. Source: The Edge 02 Feb 2010 |
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bennykusman
Veteran |
17-Jan-2010 23:52
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vested.. i really think that it will rebound between this week coz it hit the support line... | ||
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stockseeker
Member |
17-Jan-2010 23:06
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Like any other commodities, shortage(s) and demand raises prices. And companies in such businesses are able to sell/trade at higher prices. In the context of coal, a shortage is evidently seen due to the following factors: 1. Cold snaps is several countries are sapping supplies and preventing mining, esp. what China is experiencing. 2. Strikes in coal firms may have also led to lower coal output(s), will also raise prices in-line with the demands - as experienced in by Xstrata (Australian Coal Company) over the weekend. 3. Increased industrial production - as seen/heard recently - is leading to increased use of electricity and heating which will also send prices higher - if not soaring. Prices of coal have gone up since the last price of 87+ - currently looking at 100 a tonne - and from the looks of it, it's heading further north in Q1 2010. One other company that's reported to benefit from the demand is Noble Grp, as reported by UBS. Despite the recent weakness in SAR and Noble, it's buyup volume has also been rather high - consolidation I'd say. Hence, in my opinion coal-related companies are looking up - esp. when their fundamentals are still very much intact. In summary, can hold / accumulate SAR - if not Noble. |
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street81
Senior |
17-Jan-2010 21:56
Yells: "Learning to love the streets" |
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Meaning?
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stockseeker
Member |
17-Jan-2010 11:16
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Reversal may be in the cards. If you can't decide, stay sidelined. Here's why: http://news.alibaba.com/article/detail/metalworking/100233110-1-prices-coal-other-bulk-commodities.html Prices of coal and other bulk commodities surged significantlyPublished: 14 Jan 2010 22:56:34 PST |
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taybc1071
Senior |
16-Jan-2010 16:28
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price starts to fall when it hit 2.74 last week. Look likely it will go below 2.48 on Mon |
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waterfalls
Senior |
16-Jan-2010 15:35
Yells: "Investing is calculated risk, patience n luck" |
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price looks like on downtrend, should short rather than long on this one. any views? | ||
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stockseeker
Member |
13-Jan-2010 20:17
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These days, dividends don't make prices soar. It's the demand.
By Ben Sharples Jan. 12 (Bloomberg) -- Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from China because of government stimulus measures and cold weather. Australia’s fourth-biggest bank increased its contract coal price forecast for the year beginning April 1 to $95 a metric ton from $80, Melbourne-based head of commodity research, Mark Pervan, said in an e-mailed note today. Freezing temperatures and snowfall have forced Beijing, Shanghai, and other regions in China to limit electricity use to guarantee power needed for heating. The country posted a record level of coal-fueled power generation in November because of energy-intensive government stimulus measures and the onset of the coldest winter in 60 years, Pervan said. “The bulk of China’s coal mines are situated in the north where the heaviest snow storms have hit, considerably slowing a domestic coal supply response,” Pervan said. “Coal port stocks have slumped 18 percent in the past three weeks and domestic power stations are running at very low levels.” Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, climbed 13 percent to $95.61 a ton in the week ended Jan. 8, according to the globalCOAL NEWC Index. A cargo shipped out of the harbor reached $100 a ton, UBS AG said in a note last week. Spot prices above $100 a ton suggest Xstrata Plc’s contract price settlement of $83 to $85 a ton with Tokyo Electric Power Co. for the year starting Jan. 1, may be a “conservative” guide for the contract price for the year beginning April 1, Pervan said.
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bennykusman
Veteran |
08-Jan-2010 10:20
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is it good to enter now ? all the comodity is running up and up.. when is the CD ? | ||
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street81
Senior |
07-Jan-2010 15:56
Yells: "Learning to love the streets" |
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As for now dropped 12cents already. Can buy? |
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Minty88
Member |
07-Jan-2010 12:45
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Oil price is up, will this help SAR to roar? |
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