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04/08/21
11:46
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Originally posted by MIStragic
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These guys mean business and have the capabilities to back their unabashed confidence .... and plenty of skin in the game.
Looks like an easy 2 bagger from here. Most other commodities related companies have had a bullish run, and aggressive venture capital will start to run the rule over these unloved but economically vital (coking) coal companies .... funny how when the SP was 4.5c people wouldn't touch them with a barge pole, but now happy to pay 10c+ ....
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Buying depth is not that strong to be honest. Continuing theme here is a lot of buying off screen.
So either these few buyers are happy to prop it up for now on lowish volume, knowing it protects the raise/future acquisition transactions.
Outside of that i agree with everything. They will not be mucking around here. Serious skin in the game and a desire to build something special.