PCX USED TO TRADE AT HEFTY PREMIUM TO JRCC
PCXCQ is now bankrupt. JRCC is not. Big diff.
PCX was profitable 2 out of 40+ quarters even when coal was flying high. JRCC is unprofitable for around 4-5 quarter out of 40+ quarters. Well, it explains too much.
This just out jrcc buys all of pcx and their reserves and gets rid of half the junk they carry with them
JRCC gonna to fly $40 soon