Hi waynecat - the Q wasn't very detailed but they seem to be going OK.
Still a long way to go but at least this coal acquisition is moving forward.
I suspect when this 60/40 JV becomes clear to the market and other things (size of resource, offtakes etc) this SP might start to head north.
This could be great buying right now at 4 cents with only 186,000,000 shares on issue & approx 50% held by Top 20.
Might be worth picking up 100,000 waynecat.
Looks like Adavale want to establish themselves in Indonesia as a major coal player, excellent.
PS - enjoy your cruise !
nice announcement, page-31
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