Have decided to double my longer term holding today based on a number of things.
A purchase of leases is forthcoming.
There is coal in the ground.
The dilutionary effect of the outstanding options is already factored into the share price ,
We all know that funds are required and I am assuming they are already in place,
The only further capital required at this point in time would be for further drilling and exploration to prove a resource .
It is not rocket science
And we are not needing to have the company diluted in half to do so,
I am calling this stock as being oversold from market hype and hysteria .
My holding has now doubled and I will C where we are @ in 6 months time
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