18th Aug Interview report: "C@, which will soon undergo re-compliance and a name change, last month exercised an exclusive option for eight coal licences in South Gobi and Ovorhangay provinces. With a sales and purchase agreement to be wrapped up over the next few weeks, the licences put C@ on the cusp of a $A2 million exploration program to bring some of the tenements up to JORC resource."
Oct is planned swiss cheese drilling of Ovorhangay licence.
Guessing that up-dates / agreement, possible Extro mtg for Co change, may be coming up soon, maybe real soon. For drilling to occur next month, we will need to secure equipment, labour, etc, and orders will need to be in place this month, I'd have thought.
Happy to be in coal in this uncertain market - great long termer, imo.
Cheers :)
CEO Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held