CEY 0.00% $6.16 centennial coal company limited

re: stay or dump it? roidz? Thanks for the update Roidz. l had...

  1. 616 Posts.
    re: stay or dump it? roidz? Thanks for the update Roidz.
    l had expected that the Newstan problems were not over although they stated it was "back to normal" meaning the normal disaster. It seems to me that all the underground mines run into troubles at some point and the only option is just to leave the coal in the ground. l wonder how this adds up to the proposed sale of Newstan ?
    The cost of developing Anvil Hill will no doubt be more expensive and take longer than expected.
    On the bright side l am surprised the spot thermal price has risen above $50, do you know the new contract prices ? If Tahmoor holds up, the $115 price looks attractive so they might get out of jail that way.
    l expect quarterly report should be out mid May ?
    Cheers Roidz and keep up the good work
    LZ
 
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