ATU 0.00% 0.5¢ atrum coal limited

Ann: Quarterly Activities Report & Appendix 5B, page-5

  1. 273 Posts.
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    Have been watching this for a few years looking for an entry point but something always held me back and I'm glad it did, I feel for the long termers. Will keep watching but the performance in the last couple of years and lack of a CEO aren't selling it.

    Its unbelievable that this company has fallen to these lows given the quality of its assets. The fact that they are now only doing baseline environmental studies now after releasing the original PFS in 2014 speaks of either complete incompetence OR they never intended on developing Groundhog North in the first place. Dunno which it is. Resource project development pathways are similar the world over but these guys don't seem to have a clue.

    On another note the Quarterly mentions a 500kt Scoping Study done for Groundhog Central - does anyone recall when this was done and have any info? No mention of it in the original PFS and no other releases that I can see.
 
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