ICG and willlllllbeeeerrr

   yup the scum also rises

 sago's latest owner is 666 incorporated 


lets make him a loser this time big time 



==============================

reuters:

" ICG's 
 chairman is
financier Wilbur Ross " 


"a specialist in buying out
companies in distressed industries"


aahhh our old pal wilbur  sure is
            and once he's turned em inside out
he flips em pretty good too ...


 'ICG only acquired . The Sago mine last year"

 "Sago was previously owned 
by
Anker Coal Group Inc.,
 one of two coal producers ICG
acquired in 2005"

"Anker was in bankruptcy,
 so it was operating under
marginal financial conditions" 


"The big picture for investors 
is what will it do for
production," 

 "What will it mean for
supply and demand and pricing?" 

"Coal prices are at all-
time highs, 
driven in part by surging
 global steel 
and
other industrial demand"



"ICG is sufficiently well capitalized 
and has Street
money behind them 
 this will have no material
effect," 
" the Sago mine
represents
 only about 2 percent
 to 3 percent of ICG's
total production"

Consol Energy  and Arch Coal  both shut
major mines in recent years with little long-term
financial impact, he said. 
"These kind of events 
do occur
 but the Street's negative
 view of such  events
lasted only a couple of days."

" the explosion will have
 little effect on recruitment
the  industry is already 
well known t
  o
be dangerous"

. "These are still 
the highest paying jobs
around 
in places like West Virginia"


" despite a chronic shortage 
of
skilled miners
 especially in Central Appalachia"


"ICG stock fell  3 percent 
on the New York
Stock Exchange"


 lets see if we can make that 
a drop more like 97%