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  1. karll
    3,084 Posts.
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    25/01/11
    10:01
    Post #: 7786270
    "Don't quite understand why company is drilling for coal at such depth. Are they hoping to accidentally stumble on some other resource like that elusive csg. "

    I believe, without a doubt, that the company is drilling these holes to provide information to their potential JV partners (and probably at the request of the potential JV partners). The timing and suddeness of these drillings is the clue.

    - Karl
    CTP Price at posting: 26.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 12  Upvote
    lightbulb Created with Sketch.  Great analysis
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