in or out

The volumes have dropped right down. That means that most people have made a decision to be in or out:

Here are a few random thoughts:

* Still no change of major shareholders notices. Clearly they are holding.

* Should get some announcement when drilling is finished at end of May. Maybe a JORC?

* We may get an announcement on a new MD at some stage.

* Coal quality tests results in July.

* Gazman did not comment on the pictures of the coking coal cores. (Taking that as a good sign)

* Poor Ghostey, is not allowed to make too many posts. Has the sp gone down as a result?

* Commodities have had a big retrace. For some stocks like NRL this has knocked the sp down by about 30%

* Overall market has been retracing.

* For those of us that hold, we can only keep on waiting.

* Expect at some stage for a research report on NRL and Comet Ridge.

* My own valuation for Comet Ridge only has moved from 23c to 27c based on what news has been released.

* There is a good possibility that say a BMA will use it's mining equipment that came from Blackwater South to mine Comet Ridge and pay a royalty to NRL?

* Thats it. Lots to speculate about.

Good luck.