coking coal target

rabbit...my cunning long eared friend,

Just sitting on the deck with a glass of red, listening to the waves and had a thought bubble.

Shri. Naveen Kumar Nanda been chairman and Managing Director of NMDC Limited since January 1, 2012

He served as the Chief Financial Officer of Gujarat NRE Coking Coal Limited from January 4, 2010 to February 24, 2012 (He apparently resigned for personal reasons...could we read conflict of interest).

He served as Manager of Commercial & Finance at Gujarat NRE Coking Coal Limited...so he would have intimate company knowledge...(Major shareholder in GNM)

GNM share price has gone from around 0.995 cents Dec 2011 to close at 0.150 today.

GNM have just invested $90 million (which they will no doubt offset against the MRRT)...in long wall mining equipment to increase capacity.

They are already a producer and have direct access to Wollongong Port Facility.

Could this be a Coal Play...worth getting the grey matter around...

Getting chilly on the water...another couple of reds and off to dinner.

How good has the run on W been???