UK Coal Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9671332 I have always felt that our reserves of coal are exactly that; reserves and using fossil fuels from elsewhere is both cheaper and maintains our reserves for a rainy day or two ( 200 years ). As governments are able to dictate how electricity is generated, the use of coal as a source of energy can be kept to a minimum and subsequently our long term ability to provide our own energy can be protected.
Only my thoughts on the subject of the ' UK ' coal ' reserves '. By 1mustjfdi ]]> http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9671332&action=detail Wed, 23 May 2012 06:15:00 GMT 1mustjfdi tag:iii.co.uk,2003:tst.9668488
The bizarre thing is that while opinion surveys indicate that Joe Public wants cheaper energy rather than hyper expensive so-called "green" energy and coal remains by a margin the cheapest source of electricity, the case for coal is never publicly made so the industry goes entirely friendless in parliament and in the media.

Indeed, the only amusing feature of the 2011 Annual Results was to see Jonson Cox railing against Government energy policy while not being willing to spend a brass farthing on making coal's case to the public. By warbaby43 ]]> http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9668488&action=detail Tue, 22 May 2012 10:06:00 GMT warbaby43 tag:iii.co.uk,2003:tst.9666366
I wish this shale gas revolution had been delayed for a few years. By Vita Bella ]]> http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9666366&action=detail Mon, 21 May 2012 17:15:00 GMT Vita Bella tag:iii.co.uk,2003:tst.9665132
Throw into the equation, large over supply of US coal with production being heavily cut back and suspension of mining, Colombian production surging 14.6% in Q1 and China carrying that much thermal coal that they are looking to re-export surplus stock to Japan and S. Korea. All in all a very difficult backdrop for Mr Cox's negotiations with the generators both for the restructuring and for forward supply terms.

All of which underlines again UKC's very high mining costs, £384m pre depreciation and exceptionals, over half of which are, of course, labour costs. At these coal prices and present levels of production there must be serious doubt as to whether UKC can afford its workforce. However, from looking at the Vauxhall Ellesmere Port 94% approved deal last week, it would seem that even Scousers are more realistic than miners. By warbaby43 ]]> http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9665132&action=detail Mon, 21 May 2012 11:52:00 GMT warbaby43 tag:iii.co.uk,2003:tst.9659306
At this time low share price is a problem. It should be limiting restructuring options of UKC unless existing shareholders are diluted substantially.

I am starting to think that it was a mistake of UKC management to announce that restruction with dilution of shareholdings is possible and did not give exact details. That alone introduced uncertainty and put downward pressure on the share price, which in turn is limiting options for restructuring. By Vita Bella ]]> http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9659306&action=detail Fri, 18 May 2012 15:18:00 GMT Vita Bella tag:iii.co.uk,2003:tst.9657622
A great buy for the brave? Think i am losing my hollocks.

Tiger By CASTLEFORD TIGER ]]> http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9657622&action=detail Fri, 18 May 2012 10:23:00 GMT CASTLEFORD TIGER tag:iii.co.uk,2003:tst.9651589 http://www.londonstockexchange.com/exchange/news/dow-jones/news-detail.html?newsId=20120517DN004195 By avatrol ]]> http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9651589&action=detail Thu, 17 May 2012 10:05:00 GMT avatrol tag:iii.co.uk,2003:tst.9643925
interesting stuff.
Tiger By CASTLEFORD TIGER ]]> http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9643925&action=detail Tue, 15 May 2012 15:29:00 GMT CASTLEFORD TIGER tag:iii.co.uk,2003:tst.9643872 By struttt ]]> http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9643872&action=detail Tue, 15 May 2012 15:24:00 GMT struttt tag:iii.co.uk,2003:tst.9642073 http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9642073&action=detail Tue, 15 May 2012 10:27:00 GMT yaboyya tag:iii.co.uk,2003:tst.9640925 http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9640925&action=detail Tue, 15 May 2012 06:53:00 GMT popes11 tag:iii.co.uk,2003:tst.9640023 http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9640023&action=detail Mon, 14 May 2012 19:05:00 GMT CASTLEFORD TIGER tag:iii.co.uk,2003:tst.9638956 http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9638956&action=detail Mon, 14 May 2012 14:52:00 GMT popes11 tag:iii.co.uk,2003:tst.9638165 http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9638165&action=detail Mon, 14 May 2012 12:17:00 GMT Kerala-trader tag:iii.co.uk,2003:tst.9632650
See my post about taking the 24p (those that bought at 12p) and cashing in................

Tiger By CASTLEFORD TIGER ]]> http://www.iii.co.uk/investment/detail?code=cotn:UKC.L&display=discussion&id=9632650&action=detail Fri, 11 May 2012 17:03:00 GMT CASTLEFORD TIGER