Coking coal assets doing nothing?

Its about time the company made some money on these coking coal assets appearing like they are doing nothing with them





Last quarterly report- page 17

lochinvar- only mention all coal projects owned 100% in good standing.

NO future work planned shareholders are aware of done on the coal projects in future.


Dec 21.   5million cash in bank.



Coal is going gangbusters for producers and quality exploration/near production companies.

https://nae.net.au/projects/lochinvar/


Just a snippet from the page.

NAE acquired the Lochinvar licence in 2012 and drilled an initial 4 cored drill holes at Lochinvar in 2013 and a further 6 holes in 2014.

Time to step it up i think! Part of it has been on application renewal for a time ( not 5 years) but that done months ago,And no excuses.

Time to bring in some expertise to help to assist with a partial sale? it certainly Cannot hurt.

If they can't make any money on this coal project this year they never will!

I would be happy if they sold a large % and kept 20 or 30 % . And or coal royalty

Zero return on investment so far in the last ten years is a terrible look.

I still dont like alan broome and his historical coal failures including endo coal. He has to go too.