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0.5¢ atrum coal limited

Tarzan, Any word on when the spin-off of Kuro Coal will take...

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thepick

47 Posts.

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01/08/14

16:27

Post #: 13756214
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Originally posted by Tarzan183 ↑

Check out page 11 of the attachment.

The company has recently mobilized heavy equipment to begin extracting coal for the bulk sample. This is big news and precedes what should be an announcement regarding this bulk sample very shortly.

Once the buyers have the sample we will be able to progress to offtake discussions and that sets the stage for some serious institutions to get involved.

Based on my expected time line, I still think we see >$3 by Xmas, if only for the reason that institutions will HAVE to start buying once their is real cash flow and they can begin to price it on a DCF model.

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Tarzan,

Any word on when the spin-off of Kuro Coal will take place? Was scheduled for Q2.

The Pick

ATU Price at posting: $1.52 Sentiment: None Disclosure: Unspecified
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0 Great analysis

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