HDX

The CEO was extremely optimistic and confident about the profitability of his company.  But the market just does not like coal stocks so the share price has been down for a while.  Yet, even with confident announcements and today, stating that more rigs are required to meet up with new contract, the market is ignoring it.

The finance editor of The Australian has pointed out that Fe ore price has climbed but coking coal price is lagging.  And it is a matter of time before coking coal (NOT thermal coal) will rise.

Hence I am optimistic too about HDX.  Pity I don't have much spare cash in my super fund.