Hi certified, there are a bucket load of coal stocks that have halved or a third of the price that they were a month or two ago. They all have their own problems just as NMR do with poor management and absolutely no infrastructure solution in sight for at least 6 years best case. The only thing going for NMR is that they have a lot of cash for their market cap but this could be gone by years end if they drill tassie = more shares. Anyway, here are ones I am watching (and as I said they all have their own problems so not interested in commenting on any one).
Bnd, ccc, res, Mte, cok, clr, whc just off the top of my head.
I wouldn't be a seller at 1.6c but I certainly would be at 2c. I just can't see the infrastructure getting up and going. Everyone knows Botswana has a heap of the crap, however at the risk of generalizing, Africa just can't get their shit together when it comes to infrastructure.. There is a lot of water to go under the bridge before 2017 for example, which by then it will have 1bn+ shares at least. It will spike on any gossip of rail, just can't see it doing anything to be honest.
NMR Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
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