So could this be the news that has been keeping the SP at depressed levels?
If so I'm not sure why, seems this has been the plan all along, at least for two of the identified seams, just not sure of the geography and locations of the seams, need to dig a bit further to be sure there is clear separation so they can continue open cut whilst this long wall plan is developed and instigated.
The underground surely has to take 2 - 3-years from here to yield coal?
The $64k question is how will the SP respond when the full anbnouncement is released? I just find it hard to imagine an increase, probably the opposite unfortunately!
Lest still keep faith that there is more positive news on the cusp of release now!!
GLTA
Cabe
CKA Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
