The coal share rebound has gathered strength through April amid some more hopeful signs of tentative recovery in world financial markets. In line with recovering world equity markets, a number of coal shares have notched spectacular short term gains, albeit from situations where many stocks had lost more than 80 percent of their value in just a few months. The result was a stellar overall performance from the MCR coal share list, compiled by Credit Suisse, with all but two of the near-50 active quotes recording gains over the last month. Some of the best gains came from emerging Australian producers, with met coal producer Caledon more than doubling in the month and now ahead a mammoth 267 percent for the year so far amid talk of a potential takeover offer.
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