The Company and its operating subsidiaries are engaged in the business of extracting, processing and marketing coal from deep and surface mines, located in the Central and Northern Appalachian regions of the United States.
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We suffered an unusually warm winter in 2011/2012 and although there has been significant swithing from coal to natural gas for power generation as well as a slowdown in the Great China Build the glut in natural gas and coal supply will not last forever. Rigs have slowed it's production of ng and mines have been shut down. So in the interim, until demand comes upto supply, we will have low prices for both. IMO as fast as share prices fell so will they rise. I plan on being on the right side of this trade.