BWN 0.00% 4.9¢ bhagwan marine limited

resolution 9 removal, page-20

  1. 2,244 Posts.
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    things are falling into place. it's amazing that there are sellers at 10c . investors paid 20c at the original issue to go and explore for coal, then having found several hundred million tonnes of the stuff, (over a billion according to bhushan ) including 1% reflectance bowen basin coking coal (the best quality in the world) the investors are now selling at 10c. good thinking there, takes an I.Q. in the high 20's to do something like that. but then bowen has a director or directors who say things like 400 to 500 metres depth is the limit of long wall mining depth. nobody told this to the chinese who have been longwalling at over 1000 metres depth for years now, and teaching australian engineers how it's done. then they report that the east middlemount ~300 million tonnes is worthless because it's badly faulted. I've had a look at various drill hole coal depths and reports and took the trouble to look up siesmic profiles in this area (freely available at the mines dept.)and all the evidence points to excellent stable subsurface profiles. ngf butts up to bwn and their reports certainly don't indicate faulting , let alone unworkable faulting. but then highly negative reports greatly assist the shareholders, Bhushan shareholders that is.
 
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