OIO decision is now due in less than half a quarter. Of course there have been no guarantees given on this time line so we should all keep the possibility of disappointment front of mind
An interesting close to the week last Friday. Traded as high as $0.088 with a good solid close at $0.083.
Backed up by good volume. It appears as though some one is quietly securing how ever much they can.
Lets keep an eye on the end of this week as we gear up for what we all hope is an eventful (positive thinking) June.
Solid Energy was producing as much as 2 million tonnes per annum back in 2009 as the following quote from their website attests
"In recent years, Stockton production has been around 2 million tonnes (mt) a year of high-value coal. By continuing to develop its available resources in the area, Solid Energy expects the Stockton operation to continue production at these levels for up to 20 years (to 2028). "
Not long now!
BRL Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
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