The metallurgical-coal benchmark contract for the third quarter may be settled at $153 a ton, according to the average of three analysts’ estimates compiled by Bloomberg. That would be the lowest quarterly price since the first quarter of 2010, according to data compiled by Bloomberg.
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.
you were wrong!!
you said it would post green yesterday and it dropped 3.77%.
that is a very bad prediction!!!
How much did ACI drop when you posted this yesterday? 0.25?
Maybe today ACI will gain back some of yesterday's losses.
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.