I would tend to agree with you NomadAUS. There was supposed to contact with the coal seam in early September. Then that was put back to late September. Then it was within two weeks.
Well tomorrow is the 14th of October. Must be close. Certainly I would hope for an announcement this week to indicate contact had been made.
The thing is that the coal production for some time ahead is all sold and contracted at recent high prices. As long as they can start getting it mined then they are facing good cashflows into next year.
PRC Price at posting:
$1.17 Sentiment: Hold Disclosure: Held
