LOL  A spotted rhino.

An impressive analysis of this over zealous announcement Freckle. I agree with Jack. Refreshing and frequently enlightening to read your comments. Still, an interesting discovery, but the environmental impacts you mention make me feel we'd be better off leaving the crap in the ground.

I'm sure the freckle won't approve

In my previous post I said I couldn't define my goals as clearly as Jack. I do nonetheless have some clear life changing goals, and others which are dependent on factors subject to outside influences, which therefore necessitate that I remain flexible with my plans, and therefore the timelines of my goals.

Definites for 2013: 
 
Settle on IP…[Read more]

Hi Jack

You mention positive movements in coal prices. Here is an update (looking good) on a link I copied which you previously supplied. I've had trouble finding any other sources for info on coal prices. Iron ore obviously grabs the limelight presently. Do you have any other…[Read more]

I found this article in yesterdays Mackay news concerning proposed dredging at Abbot Point. It has been published as debate is occurring in Gladstone over the impacts of dredging there. I've attached an article concerning this from the Gladstone…[Read more]

Hi Jack, it's good to see that you are making productive use of those sleepless nights! You've already gained a year on your portfolio goals! It's good to see your enthusiasm showing so clearly, mate. At the moment I can't define my goals so clearly, although I know I am very motivated to increase my property portfolio and ensure the financial…[Read more]

Now the Chinese are planning a huge mine in the Galilee!

http://www.dailymercury.com.au/news/chinese-mining-company-plans-dwarf-cq-mines-5b-pla/1692079/

Wow! Very interesting analysis of the demand for coal. Funny how they mention the increased use of gas in the U.S. ends up creating a higher demand for coal. Go figure! The second article mentions plans for expansion of western ports in the U.S. to increase exports of coal. Those hoped for expansions are intended to take place in the states…[Read more]

You're probably right Jack, Gina possibly has all the water she needs locked up, but the other mines and support industries will require more. Somebody better start digging dams, or a water war is on the horizon. And the following article probably should go on a thread for the Hunter Valley, but I'll post it here, as it shows that the demand for…[Read more]

Hi Fredo
I agree completely with you. Every time I hear similar comments from banks (rates should be lowered to stimulate the economy) I see the hypocrite behind the comment. They intend to profit from each rate drop by not passing it on in full. In the article which you posted a link to, the omission of a commitment to pass on future rate cuts in…[Read more]

It's good to see contracts being awarded. A very strong indication that the project will go forward. It will be interesting to see where the water for the mines will come from as things progress. Hopefully water can be sourced or retained without causing conflict with the local communities. Here's some bad Christmas news for coal miners near…[Read more]

There is a very high probability that a house with asbestos in the roof sheeting will have asbestos elsewhere. Eaves for example?

http://www.miningweekly.com/article/adani-publishes-eis-for-10bn-qld-coal-mine-2012-12-13 

Hey Jack and Dubstep, the wheels are rolling on the Galilee projects. Here's a little more on the Carmichael EIS

Here's an interesting article about proposed changes to the coal contract system in China. The changes may take place before the annual contract conference, usually in early December, (which should be interesting with or without changes) The results may prove a positive for coal…[Read more]

http://www.miningweekly.com/article/coal-demand-to-soar-in-short-term-but-longer-outlook-dim–axa-2012-11-12

Hey Freckle

That's the most positive sounding post I've read from you in ages. You must have gotten some good nookie last night and got up on the right side of the bed this morning. A wise man once said "To an optimist a realist appears a pessimist".

Cheers Mate

Run. Hide. Change your phone number.

Hi Scott

Yes, Muswellbrook is still a very busy town, quite a lot of development occurring and the mines are humming along. Mount Arthur and Mangoola have both recently hired (not fired) more employees. The local council are also very active, and are doing a good job of giving the town a facelift. The council also has a healthy and improving…[Read more]

The directors of these companies are clearly capable of planning strategies based on supply, demand and other price influences over longer timeframes than the recent short term factors which have resulted in the current low price for coal. They clearly expect the demand and price for coal to pick up within a not too distant future in order for…[Read more]

Plans to extend the life of Drayton mine south of Muswellbrook to 27 years have just gone on public display.

http://www.muswellbrookchronicle.com.au/story/804724/extension-plans-on-display/?cs=1235