Hi all, was alerted by the volumes going thru AEM at the moment. Just did some research....
MC=4.8ml, cash of almost 3ml (with 1.5 newly raised), convertible notes exchanged shares issued at 1.2 cents, so not much downside at all from current level.
Coal play, with JORC resource base already defined & FS also done, only waiting on mining approval now to start production. Domestic customer already lined up.....right on doorstep to China, this is huge,
Can u imagine a speccie coal company with EV of less than 2ml almost has near term CF coming. Mining costs should be pretty low in Thailand too.
And directors holding huge! they have the incentive to pump this gem as they got 1.2c cheap shares
