Let's not be too concerned about quality but be concerned about...

First 7 Last

Share
Profile

Follow
leng

1,703 Posts.

17/12/14

11:44

Post #: 14473903
Share

Originally posted by BlackStone ↑

Leng, you've been making the same call every year but continue to stick around like a sour lover stalking an ex. I'm fairly confident you will be proven wrong, you might even be surprised to see things play out as TCM is mapped for production. Also so note, Thermal Coal is forecast to rise incrementally over next few years which will coincide well as we gear up for production.

But honestly, if this was going into administration why would you continue to hold? I would be getting out asap if I thought such things. I'm always happy to crystallise if there is a legitimate reason.

The way I see it there is plenty of value to be had from here. We are at the bottom of the cycle for thermal coal. The last 5 years has obliterated most coal juniors, some even shut down but the tide is slowly turning. PZC has weathered the storm and done what is necessary to be ready for a bounce.

If you understand the fundamentals, we're actually well positioned compared to most other junior Coal plays. We aren't burning through cash, finance is established, makes you wonder why the last raising was oversubscribed.

PZC is attractive because of its logistics, quality and size of resource. There is a 30 year mine life ready to roll and I'm pretty sure we will be the ones to dig it up. Worse case scenario for me would be a T/O at a low ball price. There are multiple options, but I'm betting we will prob get an off take agreement or MOU which leads us into production.

Anyways, let us see how it all plays out. I'm sure you will have ample time to offload your shares between now and this apparent administration you speak of.

Expand

Let's not be too concerned about quality but be concerned about their cash burn and the fact that there are virtually no buyers for the stock. Anyway you know my opinion and that I'm staying with! Just think you could average down now from .009 now lol!!

PZC Price at posting: 1.2¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

WA8

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

First 7 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Let's not be too concerned about quality but be concerned about...

Top Stories

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Featured News