Kentucky Energy (fka QMIN)

[smaz1969]

2Q results are a fairly new development. Previous quarters were ugly. I'm holding MEE and other a few other major coal producers long term and not considering selling down here. So I'm not watching them closely since the little bumps and turns are of little consequence to me. I have been watching the sector at length since last year and was originally referring to overall activity over that time period. I didn't take inventory immediately before that original post that you referred to, jb. Recent 2Q results are an encouraging development. Maybe Quest can catch the wave too. I wouldn't expect it to respond to positive developments as rapidly if at all. But any eventual response could be more significant. It is tough to speculate in Quest’s case though.

Again I state, Quest’s position does not correlate even remotely to that of MEE as MEE was well positioned to weather the economic downturn. They had reserves as a cushion and were able to make adjustments to their business plan to better their position. Quest was struggling to start production with a mountain of debt and with BK overhanging it. The overall sentiment for the coal industry has been very negative. But the sector may have bottomed out and be nearing an upturn now. MEE may be slightly ahead of the curve. I hope so. Thanks for the opportunity to clarify jb.