They have abandoned the old longwall mining area because of bad...

They have abandoned the old longwall mining area because of bad ground. Lost about 120,000 tonnes of coal. The new area is going well with much better roof conditions. Obviously this has spooked some of the shareholders. They need to show that the investment will pay off and that there will be no more problems - and this may take six months or so of trouble free operation before the punters can relax.

If the new mine works as well as expected the Co will be trading on a P/E of < 5. Those with faith will do well in the next 6 - 12 mths.