I received a reply from the Company suggesting no CR required, they have alternate sources available.
Not sure if I can quote their reply so hence the vagueness.
Printable View
I received a reply from the Company suggesting no CR required, they have alternate sources available.
Not sure if I can quote their reply so hence the vagueness.
Thanks, blockhead.
I only have a (very) small holding left but here's hoping it doesn't mean a further dilutive placement to "institutions".
:mellow:
Thanks blockhead, just bought a small holding at 21 a week or so ago. Will be interesting to see what their "alternative" sources are. but if they can do it without a capital raising that bodes well..
looks like around 700k / $150k shares purchased this week, perhaps someone knows something we don't ? anyone care to speculate?
big movements on the asx side as well, 4m volume moved yesterday pushing from 19c to 22c
Well if you look at their presentation from end of November it does say "Operating / management plans to be certified by relevant authorities" "Completion targeted for January 2014 " so my thoughts would be investors getting into before the announcement happens. Its mid January and this is the last milestone that needs consenting, everything else is just earthworks and then coal production. So its a good time to get in before all green lights are to go for what I hope to be a nice rocket. :)
I bought additional shares last week as I believe this stock to be undervalued. I think you'll find they ramp up scale of their overall operations in time and have a good partnership with synlait that will see their thermal coal operations continue for a number of years. Now they just need to ensure they have avenue to market for their coking coal as this is where the money is. overall pretty pleased to get in at the current price especially when you consider that, while everyone is mentioning the poor coal prices at the moment these guys are potentially sitting on big margins that most other sectors could only dream of!
Plenty of support in NZ and Oz for anything at or below current share price
Could be nearing an announcement any time soon now. With previous docs saying it would take 8-12 weeks and we can count down from the first known time they spoke about it in 19th November, 8 weeks from that day was 14th Jan, which the 11th February is 12 weeks. Count down of about 2 more weeks before the last green light?
Quarterly out yesterday. Underwhelming to say the least. Continues to make huge opeartional losses and will look to decrease or delay proposed production as coking coal prices have hit new lows.
Yes, unfortunately another capital raising isn't too far away one would think. It's testing my patience but I'm in this for the long haul. The only positive I got out of the report is their seemingly expanding domestic thermal operations, only problem with that is it's not profitable !