[quote=”Helmholtz Watson” post=2641]These are truly shocking numbers when a lot in this space have cleared the decks and recovered – reminds of Glencore on the edge but since then everything has rallied. How bad are these guys?[/quote]
A bit of digging and it was massive coal losses – their hedging system or strategy didn’t work what ever it may have been – and that is where they are focusing on with LNG sounds like no one wants their coal doesn’t it.