Today's announcement and price action accomplish a couple of things:
1] Prevent management from getting an ASX speeding ticket [or explains it if it does arrive]. Holders have been well informed.
2] Starts getting the share price up a bit from the ridiculously oversold levels [I noticed the 800 lb gorilla sitting on .35 this week. I punched him a couple of times but he kept coming back!]
The improved share price improves management bargaining position when last daily and monthly prices are considered.
This is easily a billion $ company just by pricing the coal in the ground and not even taking into account the huge blue sky in 2500 sq.km. of holdings.
Great potential!
COK Price at posting:
40.0¢ Sentiment: LT Buy Disclosure: Held
