But, remember the explanation can not explain sufficiently and convincingly why there will be delay in BUMI's shareholders meeting. For other coal and all-related, plays are quite real. DOID, ADRO, ITMG, PTBA? Safe play in May advises to prioritize those not in the IDX-approved short-sell list. This same catalyst may not work for American coal as they flopped.
Coal inventories in China <http://topics.bloomberg.com/china/>, which generates about 70 percent of its electricity from the fuel, have dropped to an 11-month low, pushing prices higher, as the country faces electricity shortages. China’s power plants had total inventories of 8.6 million metric tons at the end of last month which amounts to an alarming low of nine days’ consumption versus the norm of two weeks. '+'
