A new research note written by New York and London based Hallgarten Investment Research is positive for Colonial Coal.
What is amusing is the price target given when the report was written a week ago has already been surpassed! A 50% increase in share price in a week means the report may need to be updated […] Continue reading →
The share price of Colonial Coal has risen sharply over the last month as there seems to be feeling in some quarters that the company might finally be on the radar of potential bidders, looking to secure a supply of coking coal for the future.
It has long been thought that Colonial could receive bids from either Chinese or Indian companies, but Japan and Korea are also potential sources, as well as the USA of course. Continue reading →