Ok delusional black hawk. Why don't you throw in some more lies?
Like accuse me of being long Lehman, short NFLX or some other idiocy?
Guess it makes you feel good.
ACI sure is tough to own. Down when market is up and down when market is down.
ACI has been straight down over last 2+ years.
Wow! Are you insane?
So instead of answering a rational question you accuse me of being short a casino stock that I never had any interest in?
You must be really rattled.
What about the important questions?
How much does this plant cost to operate and build compared to current coal plant? Compared to NG plants?
Is the efficiency of this plant better?
I know he said last year how he margined and put all his 401k on JRCC and PCX.
Well you know what happened to PCX.
From MF article.
IMO ACI's plant/property and equipment needs to be written down.
Market may be too generous now with ACI's valutaion.
PCX bankruptcy was not that long ago. PCX also traded below its 'liquidation price' prior to bankruptcy. Don't recall ever hearing PCX shareholders getting this 'liquidation value'.
I also remember PCX traded below liquidation value and what happened?
PCX still went to 0.23. How much did shareholders get?
$1 billion cash, $5 billion debt. -$4 billion cash.
I suspect the book value is also inflated. With PCX going bankrupt and more to follow, IMO
the assets are overpriced.
Look at the 2 year chart. One could have said what you said at more than a few points along the way.
Just read motley fool article that says China's 5 year plan envisions reducing coal usage by about 14%.
India also plans on installing more solar as China is doing.
On the bright side, maybe 50-100 years from now, if coal really is needed, it will be there in the ground to use.
Though you have to believe that renewable energy will only improve its efficiency as the decades pass.