hopefulinvestor replied to the topic Bowen Basin QLD Mining Towns – Opinion on offer in the forum Help Needed! 15 years, 1 month ago
hadi wrote:
. Has anyone seen a silver lining around this dark cloud yet?I don't post here very often, I "lurk".But I have a view of an industry update that I will share.The Coking coal industry is at a turning point right now. Consumption by China has exploded (in a good way). BUT stocks were at an all time high. We need to wait another 2…[Read more]
hopefulinvestor replied to the topic Bowen Basin QLD Mining Towns – Opinion on offer in the forum In my opinion, still too 15 years, 8 months ago
In my opinion, still too early to get into CF+ in the bowen basin.I suspect the price of houses for sale is dropping, and the renters are not there, and it's getting worse.Coal mining companies have slashed contractors and are all looking at approx 30% cuts to their OWN workforce. They will not normally award contracts while at the same time…[Read more]
hopefulinvestor replied to the topic Bowen Basin QLD Mining Towns – Opinion on offer in the forum Help Needed! 15 years, 10 months ago
alani wrote:
10% yields are back and 250bn projects and infrastructure planned in mining towns. I know where im buying next!!Do you really still believe the Bowen Basin coal industry is the place to buy right now…..I've been posting on this forum since August that things might be on their way down.I still think there's better things to do…[Read more]
hopefulinvestor replied to the topic Bowen Basin QLD Mining Towns – Opinion on offer in the forum Help Needed! 16 years ago
It's funny how quickly these things move.I appreciate your comments Daedalus and it's interesting to hear differing views – after all, it's not my view, or even common sense that sets market prices and rents – it's the majority that rules.Anyway, I wasn't going to post anymore comments, but I found these two articles in just the past two days that…[Read more]
hopefulinvestor replied to the topic Bowen Basin QLD Mining Towns – Opinion on offer in the forum Help Needed! 16 years ago
Daedalus,I understand what you are saying. I only included those references to provide backup for what I was saying. I am involved in the coking coal mining industry – outside of Australia. The comments were more my own view from within the industry. (I guess that you too might be involved). Also, the articles were before the recent world events…[Read more]
hopefulinvestor replied to the topic Bowen Basin QLD Mining Towns – Opinion on offer in the forum Help Needed! 16 years ago
Baalsy Bob,I agree in general with what you say, I agree that demand for energy will be with us for a long time, but not sure about metallurgical coal demand – that is less certain.Australia certainly is well positioned globally for met. (coking) coal exports, but it is a small player on a global scale for thermal (power station generation) coal.…[Read more]
hopefulinvestor replied to the topic Bowen Basin QLD Mining Towns – Opinion on offer in the forum Help Needed! 16 years, 2 months ago
I've worked in the Qld Bowen Basin coal mines for the past 15 years for a number of the big companies.I've lived in a few of them – Middlemount, Moranbah, Biloela and Mackay but am now overseas.I've also owned properties, but mostly have been able to rent them off the companies for anywhere from $16 to $80 per week.My word of caution is that the…[Read more]