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0.5¢ atrum coal limited

Ann: Atrum Coal Prepares for Exploration Program at Elan South, page-7

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KSD

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137

16/05/18

12:10

Post #: 33131281
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Originally posted by wirapundi ↑

That’s an easy (albeit uncomfortable) one to answer:

We don’t have a mine because no one wants to pay for it.

That includes the endless Asian steel mills and commodity traders who have (apparently) been clawing their eyes out to get their hands GHN product. It also includes existing shareholders, that have already paid it a few times over before.

Turns out, when the actual amount of cash required to develop GHN is somewhere in the region of 10x more than it was ever professed to be, and you’ve already flushed your reputation down the toilet, it’s not easy to convince people to give you any (especially a lot) of money to build the thing. I suppose they suspect you might waste it (again).

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Ha ha, did you see that 3M buy side support get pulled once the SP drifted low and got close! Illusions of demand.

ATU Price at posting: 8.3¢ Sentiment: Hold Disclosure: Held
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