Apparently just trying to finalise a few things, but she is ready to mine right now. I get a feeling they may off load Tapan to someone else - not sure just a feeling. I spoke to JR a few days ago and he reckons they are looking at about 6 other projects in Indonesia that are better than Tapan and are ready to go (what ever that means).
D J Carmichael are officially on board - The Ace hinted this back in early November. Derek Steinepreis is also on board; he and Roger now own plenty of this stock. Derek has an investor who has a very large coal bizz that he wants to get into Adavale, apparently it is MASSIVE. Whether that happens remains to be seen, but I suspect it will happen now that 2 Steinlargers are holding and all these cheap options have been approved. I would be very interested in seeing the Top 20 Shareholder list now. I believe Poole took 30 million shares in the RI.
It is probably fair to say the next 2 years will be significantly better that the last 2 years in regard to the SP.
I am prepared to give these guys a go starting from now - it is a new start for Adavale and a new start for The Ace.
I'd expect to see some sort of PR and Broker promotion in the next 4 to 6 maybe 8 weeks.
Lots of Love to you all, The Ace.
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