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Someone got themselves a bargain! Cyclical investing at it's best and bound to happen in this environment. Well done whoever it was :cool:

Yes I'd agree with that 100%. It really took off in those areas influenced by the commodities. It had to happen and it'll be good for the market. Some vendors really suffered out in the more acute markets such as Moranbah, Dysart, Middlemount, and Blackwater however, those areas you mentioned...

There has been substantial shifts in the coal industry over the past 12 months. It is true that the price of thermal and coking coal has softened of late and together with the high cost of production it has been a high cost environment. This came to a head last year with companies right...