Any time you have a disruption, you have a loss in (coal) production. But I don't think this will be an event that shuts down the coal industry.

The big picture for investors is what will it do for production. What will it mean for supply and demand and pricing?

There will be immediate severe economic loss as there is no insurance for sugarcane growers in the region.

But I am not sure how much someone would be prepared to pay for James River, rather than buying a private company.

There has been a lot of pressure from large shareholders. The market is reacting well to it...everyone is talking about consolidation (in the coal industry).

They had encouraging operating numbers. Their lower cost guidance was also good.