IKW ikwezi mining limited
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coal price

  1. Beardy
    2,468 Posts.
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    24/01/14
    12:53
    Post #: 12849781
    IKW floated in June 2011 and since then the price of coal has fallen
    But the SA currency has fallen faster--so that in 2014 , the ZAR price of coal is actually higher that 2011

    Also the world economy has improved since 2011--the US is clearly in a long term sustained recovery, Europe is out of recession and starting to show improvement ( UK and Ireland in particular), Japan is undergoing enormous stimulus----so the top 4 economies in the world are better off.

    This will see demand pick up and maybe this mine can get going.
    IKW Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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