Is it successfully being issued license to mine?
Is it securing long term contracts?
Is it volatile and decreasing long term coal prices?
Is it resource size/quality and inherent value?
Is it managements ability to promote the company and inform it's shareholders?
What is it that's driving the price so low? It wasn't long ago that the project was valued by market (and analysts and brokers) at $1/share. I understand we've had a small cap raise since then, but still.... Is it just risk aversion that has resulted in this huge sell off? If so, are the few of us still holding waiting on successful license and a SP re-rating or are we inevitably waiting on a CCC result? Is it maybe a large whole in the ship that we don't know about??
With the value out there at the movement, my 200,000 shares (which I've held for about 24 months) seem better sold at 6c than bought off me at 2c.
Someone convince me to stay!!
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