Selling presure doesnt make sense, All the old placements where down at higher levels than where the stock is currently trading. Most of the old placements where at 75c to $1, so the only reason to sell would be the uncertainty of the markets or possibly also because thermal coal prices took a hit over the last few weeks.
Either way pretty easy to see this is undervalued and wont stay here for long. Also i havent seen anyone mention the great results from last announcement, which have very decent cumulative seams as well as a 15.65m coal seam that looks to be open to the north. This will be confirmed by the next drill hole, looks to me that their might be alot more coal here than first thought. GL to all holders
GB
XAM Price at posting:
55.5¢ Sentiment: LT Buy Disclosure: Held
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