Centennial Coal

Felix Resources (FLX) was the overall best performing stock taking in a 18.86 percent increase. Among the best performing stocks for the week 21 of 2008 on the Australian sharemarket were a mixture of financial and communication services, energy, gold mining, coal mining, and oil: Computershare (CPU), Paladin Energy (PDN), Lihir Gold (LHG), Felix Resources (FLX), AED Oil (AED), Centennial Coal ( CEY). The best performing stocks for the week 21 managed gains above 8.06 percent by the end of the trading week.

Centennial Coal (CEY) is the Loser of the week (week 46 of 2006) – the worst performing company on the Australian stock market this week. The coal mining company closed the week 29 percent lower after a disappointing strategic review. Centennial Coal reported that full year profit may drop as much as 36 percent because it will write down the value of its Newstan mine. Newstan will complete longwall mining in mid-2008 and then be put on care and maintenance, the company said.