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CZA..what the *and*and

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DR_1
Super Contributor
any ideas on the massive drop today
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1 REPLY 1
Plonky
Super Contributor
Here is a guess...The price jumped recently due to the floods in Australia. CZA will produce coking coal, and the price of coal rose due to some of the mines in Oz being temporarily closed. Now that the floods are over, the Oz mines are coming back on line and the CZA coal is not that attactive anymore. Just a guess of course, you never know with CZA, one day there is good news, and then the next day there is more bad news.
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