re: News: C@ complete due dilligence drilling... Market sometimes behaves like a toddler on specs that does not get what it wants, being more 50m coal hits, then out go the toys from the pram....
Due diligence drilling is not the same as resource drilling, CEO were never looking a produce a jorc from this drilling program. Is there coal? Yes/No...Potential dimensions only....Coal quality? Coal type/yield? Do we want to raise cash for this lease? Yes/No?....
The next important release will be the coal quality report, then placement. The expectation is for coking coal over most of the intersection, if not, watch for toys.
For what is worth go back on AKM 18 months or so, first drill program hit coal in "only" four out of eight holes, the deposit is about 2.5kms by 1.5kms.
CEO Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
