locduong
the company is totally run by people who understand the coal industry, and with the weakening of the russian currency against the USD the cost per ton will decrease again and make the mine more profitable
in the coming weeks the port that we own is closed, iced over, and the operations will be just bringing unwashed coal to the port until the thaw next year.
the wash plant will be sent in container units once the port reopens if they can achieve finance, which may be likely but as yet not achieved, this can only happen 2nd quarter 2021
towards the end of the 2021 season there is a remote chance of some of that washed coal coming to port and being loaded, maybe as samples to various japanese mills imho
i hope next year TIG focus on getting the tonnage up, imho an offshore processing plant would be a no brainer of a move, and facilitate +1 mtpa
this current pump of the share price is hardly a good thing for TIG, they have always wanted a share that is not volatile. with zero local interest in russian coal we are not going to see aussie investors flock to TIG which has no free shares out there, imho this churn at the moment is just a smokescreen for a crew of day traders
we should see one more announcement of finance and perhaps an update of whether that extra shipment was facilitated before the ice came back and closes the port
then sleep mode until mid 2021 and zero trades as usual..
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8 | 12812500 | 0.002 |
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Price($) | Vol. | No. |
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