The company should have announced this shipment before the Russian Press (Tass) did last Friday.
This press report implies:
-that 40k tons of coking coal has been sold to China
-It stated that this 40K ton has been already loaded & China bound
--it also states that over 100K ton is stored at the port which means that trucking to the port has re-commenced.(The last announcement stated that 97K ton odd was at the port)
All these 3 items are price sensitive, IMO, and should have been announced by TIG before Tass got hold of it.
An emerging company's share price is very much dependant on regular/timely announcements but I guess
the 4 major shareholders are already wised-up.
While the CEO is doing a great job, he could pay more attention to retail shareholders by more frequent/prompt market announcements.
The market now wants to know:
-what is the FOB price for the 40K ton of coking coal China bound?
-what is the daily trucked tonnage to the port.
-what quality is this coal being trucked to the port now?
-how are negotiations going for the remaining 60K ton?
The market wants this info now; not when the Russian news agency Tass publishes it later.
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