We had a strong close on Tuesday with very little to no pull back. After hrs same thing. PCX bonds are trading higher, market always knows good or bad news before any of us do. Lets not forget new top management was put in place, they have over 30yrs experience in the coal industry. I can bet the team that is in place now was something that a lender wanted, Banks probably did not want to refi the debt with the same old management team that was on the top. New guys are in that have far more talent and experience not only within the coal industry here in the USA but also have extensive backgrounds in the overseas markets.
Everything I post is based on my opinion only. Do not buy or sell based on anything I post. Do your own DD.