GNM great northern minerals limited
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HiI've just read today's ann. by GNM which states that Chairman...

  1. Taurisk
    19,401 Posts.
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    09/04/08
    12:17
    Post #: 3566068
    Hi
    I've just read today's ann. by GNM which states that Chairman Arun Jagatramka was interviewed by CNBC TV18 India. He states that the price for coking coal has increased from US$96 last year to US$300 and that this will have a positive impact on GNM. Increased revenue will be $100 to $150Million.

    He also states that GNM's mines are not affected by the flooding in Queensland.

    So far no impact on sp in Australia - seems to me Jagatramka needs to concentrate a bit on PR in Australia.
    All good news, though! I'll be holding this beauty long-term.

    Cheers

    Taurisk
    GNM Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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