PRC 0.00% 61.0¢ pike river coal limited

are you kidding me they are still making huge losses and will...

  1. 9,209 Posts.
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    are you kidding me they are still making huge losses and will continue to do so until they actually start extracting the coal at a reasonable ammount. Nothing that management has ever said has come true they have not lived up to anyones expectations this is one disaster after another. Once they start producing coal in reasonable quantities with no stuf ups then and only then would this be a buy its nothing more than speculative at this stage add in the fact they will need 50 odd million cap raising right about now. I hope it works out for long suffering holders but its still not looking good at the mine.
 
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