why xen has been going up

The XEN story is not about what XEN has been its about what XEN is currently today. It's

a coal company with a JORC resource of 339 million tonnes of export quality thermal coal with 87% Measured & Indicated at Hinton East;

a coal company with 7° low dipping thick seams with 4 main seams having a cumulative thickness of 20m;

a coal company with high quality, low sulphur, low ash coal suitable for export to lucrative Pacific Rim market;

a coal company within a first world jurisdiction in an established coal province, Coal Valley in Alberta Canada;

a coal company with existing infrastructure including rail (3km north), 138kV high voltage power (1km south) and port (20+mtpa excess planned capacity);

a coal company with potential for additional tonnage at Hinton West & Hinton North;

a coal company with a new CEO/MD, who commences next week, who was until Friday 31 July, Chief Operating Officer of South Gobi Energy (the spin-off of Ivanhoe Mines’ Coal Division). South Gobi is a Canadian coal company with a market cap of nearly AUD 2 billion;

a coal company with a new CEO/MD who has worked for Elk Valley Coal Corp., Fording Coal Limited, Quintette Coal Ltd. and Grande Cache Coal Corp in Canada;

a coal company with a new CEO/MD who’s immediate focus is to expedite the development of the Hinton Coal Project through the completion of scoping and feasibility studies and the marketing of the Company to North American, European and Asian investors;

a coal company with a new CEO/MD who was responsible for the development and permitting of the two most recent coal mines in Alberta, Canada both of which are located in close proximity to the Company’s Hinton Coal and Coalspur Projects;

a coal company with a new CEO/MD who was instrumental in securing financing for the development and operation of four coal mines and off-take agreements with Chinese, Japanese and Korean parties for coal projects located in Canada and Asia;

a coal company with a new CEO/MD who was previously responsible for the commissioning of four operating coal mines in the last six years with a combined planned production output in excess of 10 million tonnes per annum; and

a coal company who’s new CEO/MD has all the credentials and contacts within Canada to achieve XEN’s vision of being Canada’s next mid-tier coal company which would give it a capitalisation, if realised, in excess of 1 billion dollars.

Now that’s a coal company worth backing and I am willing to bet Canadian investors think so to!!!!!

Fluffynymph (aka Macrae12) the past is the past. As a shareholder of XEN for the past 3 years I say let it go and jump on board.

DYOR