Choppy if directors wanted to sell they would have done so in the last month or so at higher levels and with more volume and the market would be notified.
I would much prefer companies that think if test or drill results could or maybe compromised they inform the market and re-test rather than announce totally wrong data whether that be good or bad of which there have been some classic examples over the years and cost investors plenty.
Rather than speculate on conspiracies why not look at the facts-
All results so far are extremely positive with good quality coal near surface and near rail or roads for haulage.
The washing can potentially remove up to 70 percent of the ash, anywhere near that and we have a very very good product that's other specs are excellent.
Possibly a semi coking product.
Of all the progress which has occurred very quickly the company has had one delay with the wash sample being compromised due to severe winter conditions,, they have involved coal treatment specialists sedgmen and a new sample will be taken.
They are also to begin a new 15 hole drill program to identify two new targets and assist in providing a Jorc.
The company has a market cap of 7 mil, absolute chicken feed,IMO what they have on the table and what's transpiring more than justifies that and provides huge upside. Only a matter of time as the new drill program starts and the big buys will return and this will move back up to the high 3s very quickly.
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few more tests to come, page-29
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