NORSC
I invested in this company because AL stuck piles of his own money into it. He was a true believer and I guess he has lost it all, because it would require millions to take up his new shares. And he has my sympathies if this is the case.
I was not suprised to learn that he lost his position. I thought he was not tough enough in controlling costs. In the current climate you need to be a penny pinching tight arse. COK has managers coming out its ears if you spend some time on Linkedin.
Hopefully the new guy will sack a few and watch every single dollar, and basically be a real prick.
they need to do a 1 for 1000 consolidation . At the moment the SP can only move by .01 cents and each .01 equals $ 67 million.
Nice to see the price getting off the floor. I reckon it is worth minimum .04 cents.
I expect coal to go up by $ 30 a tonne and this would make this company quite valuable.
But DYOR
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