I am as disappointed as anyone but i am still willing to give management the benefit of the doubt. Correct me if Im wrong but i don't believe there was a leaky boat prior to the initial 4 billion tone news last November. Yes the scoping study appeared to be written on toilet paper but i feel the share price decline has merely reflected general market sentiment including lower coal prices.
I have said before that the rail is the key to this project and i believe it would be the biggest single driving factor if this was to recover. No use having 6 billion tone of coal if you can't get it to the customer. This must be the focus of management imo and i think a company update is required.
I am hanging in there still (cos Im sitting on too much of a loss) and have no choice but to sit and hope.
NMR Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
