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Re: KingofPennies post# 14864

Friday, 10/31/2008 5:38:26 AM

Friday, October 31, 2008 5:38:26 AM

Post# of 22460
KOP- Mike may have a valid point. Although QMNM is facing a few setbacks, i.e., equipment failures and that they are still mining dirt after turning into the main seam, the BK proceedings are nearly at an end and another mine is being prepared for operations. We are entering into winter and the demand for coal will increase. The price of oil will skyrocket again after the election making coal even more attractive. If Obama is elected, more emphasis will be placed on coal. While QMNM is not a major player in the industry, we should expect to see the pps rise to more attractive and profitable levels. The demand for coal in India and China will undoubtedly place greater pressure on the US coal industry to increase production, there increasing revenues and profits. I'm not talking about "beansprouts" here...I'm talking about big bucks. Patience is key.
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