I agree that this is very cheap ..... but it has been for years . It's in the hands of the main shareholders though as they own 61% of it .
Amazes me that it hasn't secured a CTL partner yet . So many oilers would be wiser to turn proven coal into oil rather than drilling the pockets of shareholders for funds to search for oil in the sea . The 'oil' is here and now in the form of coal . Just need to direct exploration funds towards CTL production infrastructure .
BLK Price at posting:
20.0¢ Sentiment: LT Buy Disclosure: Held