The volumes have dropped right down. That means that most people have made a decision to be in or out:
Here are a few random thoughts:
* Still no change of major shareholders notices. Clearly they are holding.
* Should get some announcement when drilling is finished at end of May. Maybe a JORC?
* We may get an announcement on a new MD at some stage.
* Coal quality tests results in July.
* Gazman did not comment on the pictures of the coking coal cores. (Taking that as a good sign)
* Poor Ghostey, is not allowed to make too many posts. Has the sp gone down as a result?
* Commodities have had a big retrace. For some stocks like NRL this has knocked the sp down by about 30%
* Overall market has been retracing.
* For those of us that hold, we can only keep on waiting.
* Expect at some stage for a research report on NRL and Comet Ridge.
* My own valuation for Comet Ridge only has moved from 23c to 27c based on what news has been released.
* There is a good possibility that say a BMA will use it's mining equipment that came from Blackwater South to mine Comet Ridge and pay a royalty to NRL?
* Thats it. Lots to speculate about.
Good luck.
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