PRC 0.00% 61.0¢ pike river coal limited

Ann: Half Year Accounts , page-3

  1. 9,203 Posts.
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    are you kidding me about your prediction they have taken years to get 20,000 tonnes out of the ground. They have no underwriter so far enough said . They have failed to meet any stated timeline. this is the second time they have come to the market cap in hand.They have not yet got through the grabben which they thought was 50m they are now saying it is 150m. This is still a speculative stock how you can claim 1.6 million tonnes a year is just misplaced the rail cannot handle that quantity of coal and prc are not the only company using that line to transport coal and do not have first rights of use.Do some research these companies were the same ones saying it was worth $2.50 its now $0.80 go figure
 
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Currently unlisted public company.

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