Palace Resources .... ASX: PRX up 25% today on news of the Paser Project aquisition .... producing coal mine in East Kalimantan ....
Palace is the company that gazumped ADD at the Lumpo Coal project in West Sumatra .... which per Palace Resources Buy Recommendation issued by Alpha Securities contains high grade coal of Calorific values 6,800 - 8,000 kcal/kg ...
Two nice projects to enhance PRX share holders wealth closed in 6 months ... hats off to the 3 person ... lean and mean ... Palace Board who are not milking 2 million bucks/year in administration fees ...
Today ADD was untraded .... did not jump 25% ... and announced .... nothing ...
Redemption is only a deal or two away.... anyone listening??? .... or care....???
ADD Price at posting:
1.4¢ Sentiment: None Disclosure: Held
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