Qbl,
good for trade, good for short term trade and good for medium term trade. There are few things which I like about them... Plenty of liquidity, plenty of trades and represents a good value below 2c. Every time 2c and below gets hit, it bounces back. It has a trading average of 0.7-1.5c for almost 6months with 3 trades at those level before it finally made a Disallowed.... Has been very good to me.
There are many issues with it but there are also plenty of good things. Admin cost is very low, close to port, in a good sector, not many competitors, good management who has struck plenty of deals, mining magnets on board, plenty of holes been drilled over the years, good cash with low burn rate, good coal leases and relatively tight register. Don't have to mention the negatives, nihilism along with happy cats have done a great job mentioning every element possible which makes the picture look very clear. However, I only invest in things which look glossy.
cheers and all the best.
