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This Is Boosting Steel Prices in China, page-19

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cryptomal66

2,833 Posts.

01/03/17

08:16

Post #: 22995671
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Originally posted by ddzx ↑

thanks Strauss

(ignore my previous post, which I asked to be deleted)

i would say bored money

personally, i am not the biggest fan of this stock (not that it is a bad stock) but I got stuck holding some at 5 cents (after exiting most) greedily thinking it would go higher

i also bought some for my sister but exited all of hers at a small profit after the nature of the coal became clear to me

i originally bought this stock because i originally gained the impression the coal specs were 'raw'

but later the announcements mentioned a 'wash plant' and, following up, a certain director clearly told me the coal specs were 'washed'

while there is nothing inherently bad about the coal, as the more recent announcements have shown, it is a high capex longish term project

at least for me, the appeal is weak, although the market cap is certainly very low

i can't see it going lower & will hold what i have but its not my cup of tea since i am not interested in coal projects requiring large wash plants

i was a bit forgetful about coal quality specs, not having bought a coal stock for many years

i imagine some placement subscribers may have been the same and may have gained wrong impressions about the coal quality

its good coal but kind of 'ordinary' good coal rather than special 'DSO' coal

regards

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http://www.streetinsider.com/Analys...urces Inc. (METC) at Outperform/12601425.html

Check that out ^^ coking coal company current share price 10 dollars target 14.

AHQ Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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This Is Boosting Steel Prices in China, page-19

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