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2801-2820 of 2995
Dow shoot up higher than expected. If this counter is above open price and trading above 2.61, it will continue to head north. Just my opinion only.
typically this share move in the same direction as CO
Will lowering CO price indirectly affect this counter? Anyone can comment?
Published July 29, 2008
Straits Asia H1 output hits 4.5m tonnes
STRAITS Asia Resources Ltd, a supplier of coal to Japan, Taiwan and South Korea, produced 4.46 million metric tonnes of the fuel from its two mines in Indonesia in the first six months, about half of its full-year target.
First-half production at the Sebuku mine reached 1.96 million tonnes and Jembayan, 2.50 million tonnes, Straits Resources Ltd said in a filing to the Australian stock exchange.
Straits Asia is 47.1 per cent owned by Straits Resources Ltd, a copper and gold mining company listed in Australia.
Coal producers in Indonesia, the world's biggest exporter of the fuel, are seeking to boost output to benefit from rising prices.
Thermal-coal at Australia's Newcastle port, a regional benchmark, climbed to a record US$194.79 a tonne in the week ended July 4 on higher demand from Asian power producers and supply disruptions in Australia and South Africa.
'Target production from Straits Asia is still expected to be nine million tonnes for calendar year 2008,' Straits Resources said in the filing yesterday.
Output at Sebuku rose 35 per cent in the first half from a year earlier, while production at Jembayan increased 8.7 per cent in the second quarter from the previous three months, the Perth-based mining company said.
Production at Sebuku 'is expected to improve further in the third quarter with the arrival of the seasonal drier climate', Straits Resources said.
Jembayan's sales fell 8.6 per cent in the second quarter from the previous three months because of vessel delays, Straits Resources said.
Straits Asia closed at S$2.52 yesterday in Singapore trading. -- Bloomberg
Thanks for the info, fishcake :)
I am out at 2.58... Will be back to collect more when price is right. Best of luck to those who have vested.
Does anyone know of any website that provides the chart for coal prices?
Hopefully, it can gap up to around 2.63 for me to off load. My average cost is 2.45 x 20. Let see how it goes for today...
coal price was down again last friday 
hard for this share to go up in near term
hard for this share to go up in near term
the graph for this stock is really bad.... the buyers are so weak and thin and the sellers come in big vol...
dun think in short term can recover...wait for selling force to fade off before considering this.
lets see if $2.50 can hold next week.
As i have mention on 04 Jul 08, "Now that the prices had created a new low, it will fall further to consolidate again. The next support will be around $2.85. If the price can maintain above $3, it will probably hit $3.25. "
It has hit another low, if the oil price have some rebound (but it doesnt seem likely), it will probably recover to about$2.60, else if the oil price falls further, the price is supported at $2.50 at the moment. It will fall further to $2.25 which is the next support level.
speculator76 ( Date: 04-Jul-2008 00:55) Posted:
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when this stock dropped to $2.30 in Jan, Oil was <$100. Now Oil is still so high, but this share is plunging like siao....poor sentiments really hit hard on this stock
wah jiak lart crude oil $126 now...oh no..
any coal prices here:
http://www.bloomberg.com/apps/cbuilder?ticker1=BPRCOAL:IND
ya...as long as Crude Oil rebound up tonite at NY exchg...this burger shld rebound too ! :P
enjoy ya wkend ! :D
hopefully the drop is braked here.....otherwise next support is $2.30...keeping finger crossed...vested too...
wow....new low...hee anyway vested at 2.50 x5 !!!
wish me luck ! cheers ! :D
Palm oil- related stocks got battered today....
Thanks to plunge in crude oil.
oh plantation stocks, like first resource, wilmar, all kena sold down.. heeee...
crash more for us to wait and collect, heeeee...
wow..drop 20cts to 2.58 ?!?! wah kor!! wat happ?? how can drop so much? BB shorting or cashing in to redeem burning backside at home (USA) ???
hee....MerriLync qtrly lost at US$ 3billions siah !
:P