Hi onyx, Yes the teething troubles have been a nuisance to say the least but hopefully, once it hits its straps, then it will be away laughing.
There was one other comment that is worth noting and that was that PRC was the cheapest of its peers. "On the positive side PRC is looking cheaper against its peers. Over the past few weeks the Australian coal companies have all rallied in price, but PRC has not moved, indicating that the single mine under development discount has implicitly increased."
So there is a positive in the midst of the frustration !
They have a HOLD recommendation on it and a valuation of NZ$1.22
PRC Price at posting:
79.0¢ Sentiment: Hold Disclosure: Held
