5c and nobody wants them, page-15

I have always thought this stock would go lower. I did sell up and buy back in albeit slightly above current prices.

There will be support at 5c ($1) if the capital raising and consolidation goes through. Its not a standard consolidation, its a substaintial capital raising so the lead bank should insure the price doesnt drift too far below issue price otherwise they might get some calls from angree investors.

Once the consolidation is done, drilling should commence immediately and the caol seams should flow. Imaging another 5 or 6 60m (or even more) coal seams several hundred metres from the current hits.

Share price should move quickly to $2 and beyond in my opinion. Theres no reason why we shouldnt see 30c equivalent by the end of next year to be honest. A market cap of $300Mill by next years end is certainly reasonable if hit continue and Indo comes through.

The downside is limited here as the trading halt on the 17th of November is rapidly approaching. The capital raising and consolidation is hoding it back but once its done its onwards and upwards.