Great news that the rights issue was fully subscribed.
Actually ,as I understand things, it was OVER-subscribed if you take into consideration that not all "extra shares" ordered will be filled.
The roadshow you talk about was probably the same roadshow they mention in the announcement.
The "broker consensus" $50M profit forecast is very dependent on the price of coking-coal.
As you can imagine if we produce 1M tons and the price of coal goes down $50 - then there goes our $50M profit..... .....of course if it goes UP $50 then we all smile again!!
PRC Price at posting:
60.8¢ Sentiment: Hold Disclosure: Held
HotCopper & The Market Online will be live From the Floor at the Mining News Select Conference and we want to bring the voice of our online audience to the show with us.
