while i agree the stock is significantly undervalued and mkt shouldnt be ramping the fact is eer doesnt have to ramp anything.
they are cum an announcement on jorc which should be well over1.5bln tonnes conservatively
they have noble as a major shareholder
they have mdl, rail access etc to talk about and we know gvk havent spent all that money to let the coal sitting in the ground..
and you know is saying all that no one knows about it...we dont get regular updates to market yet we have a sizeable resource in a very stable country. with infrastructure about to finally get underway.
the point we basically disagree on is the management should be out there promoting what they have as lets say the basso and nble groups decided to take the company private for 25c...no i am guessing a lot of the shares they will get because the stock sits at 11c with no friends...but if a fully informed market had it priced more correctly at 20c+ where it should be then a bid of 25c would fail miserably.
anyway it is cheap we all know that just wish the company would do something about it!
EER Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
