indonesian coal project acquisition partner, page-10

The afternoon result is as expected.. Its a minor announcement set to provide minor information to stall the decline in the share price which is a result of people waiting on a more detailed announcement on Mongolia acquisition is they/we think is immanent.. It didn't happen and share price continues to fall.....As such some traders/holders may be of the opinion (right or wrong) that this announcement is suppose to provide support and stop the decline in share price given that it is important to company to retain as best price for the expected capital raising.. It was probably released to give them more time to put the report together on Mongolia property and it didn't work.. Maybe is this came out after a more detailed report/ information on the acquisition/option purchase last week the result may have been more positive..

Time will tell what happens but I am still holding all my CEO and CEOO...