Club Mulgoa

Friday, March 11, 2011

KRL

Not all coal turn to gold in a portfolio. Here is one that is turning sour. For some strange reason, coal in Kalimantan is worth less than coal from southern Africa. Perhaps, the quality is not as good. Yet Indonesia is nearer the market. Banpu is buying in Mongolia as well so I wonder why it is ignoring cheaper Indonesia black gold.

But this is not a stock I would sell either....

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