I have been watching mou for at least 10 months now. I was buying when mou was at the 4c mark. I sold out on the down turn luckily.
I've been buying steadily over the past week and have accumulated a nice parcel. Ill sit and wait now for 12 months.
IMO better parking some cash in mou then leaving my money in a term deposit that pays 3.5% and let's the bank make money on my hard earned on the money market!
Mou is in a much better position now the around 12 months ago. Location location is key for thermal coal mines and mou has it all. We are but a stones throw away from china and Russia! Australian coal miners would kill for this strategic position.
Not to mention our off take agreement for the next 15 years!!!
I'm back in, very well worth a position at these prices!
0.01 or 0.014 it really doesn't matter IMHO long term
I'm enjoying reading the posts.
Famoso
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