cab, you are 100% right, there's alot they can do to grow the value while waiting for the JORC upgrade - a MOU with GVK for rail or some sort of agreement as well as an update on whats happening with abbot point...
as far as SRK goes, if i had done that i will be out of a job with a lot less delay and possibly never pick up a job after that.
have a go at SRK's form they have delayed the release of the resource upgrade for 7 months - Noble own 30% of EER and now Noble are in bed with Yancoal, as well as Tinkler (all the big players in Aussie coal) surely this form can't be good for future business for SRK.
I'm still bullish on EER, the coal market as a whole is a dog at the moment - once the coal market turns to the upside and the resource upgrade comes out aswell as a few infrastructure agreements - EER will be a lot more valuable in my view.
EER Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
