The Dec quarterlies are due before the end of the month and let us hope that the update will include:
-current mining & trucking tonnages (we have extra mining machines & trucks & an upgraded road)
-info on improved quality-coking coal % lift
-$3 mil odd cash in the bank
- confirmation that 600K ton sales is achievable in 2018
This, IMO, should lift the SP to between 7c & 10c.
While the $10.3 mil loan was great news and the market ought to have reacted more favourably, I guess
that the market wants to hear the 600K ton re-confirmed for 2018 and that the stoppage due to 6 weeks road
upgrade Oct-Nov is not used later as an excuse for not hitting that target.
MM
A bright and prosperous to all for 2018.
Dec Qtr
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