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Re: seastock post# 11180

Monday, 07/11/2011 11:48:05 AM

Monday, July 11, 2011 11:48:05 AM

Post# of 74540
It is a possiblity - they could barge it down the Mississippi to New Orleans. Once again though the coal is barged to a shipping/transfer terminal where it is loaded onto a ship.

Fact remains - none of these 'minor' details have been provided and the simple fact that most foreign contracts are not directly with the mine is in question.

Why would a foreign company obtain a contract with a small unknown firm, pay a premium to do so, when all they would have to do is get in touch with a broker, tell them they need X amount of coal and it's theirs. End of story.

Now if this foreign company was going to purchase the mine (or a percentage of) then it is justifiable. I do not recall seeing this in any PR - the PRs indicated just an order for coal.

Everything I post is my opinion nothing more.

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