The days with over a million shares etc has been MC moving their stock around.
Only time it has traded 1 million shares or more during market hours in recent times was on 25 October when someone(s) was happy to buy right up to 20 cents. The seller(s) have clearly exhausted that person(s) as it struggles to get above 19 cents now.
The other days you refer to were after market by MC.
The railway between Wandoan and Columboola is currently on the drawing board with COK, Yanzhou and MTE the proponents. It's going to happen but the timing is anyone's guess. Just like the SBR.
Share price will languish until there is a change in coal sentiment. When that happens is anyone's guess.
The experts don't know themselves.
Back to the announcement, the stripping ratio is brilliant. Check out MTE's peers stripping ratios. The CV of the Kogan seam is also very high quality/impressive and shallow.
Dig it up, wash some of the coal and truck it onto the train - very simple cash generating future operation in my opinion.
Ann: Goombi Maiden Reserve-Columboola JV , page-6
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