SSS 3.92% 4.9¢ sam's seafood holdings limited

B/B just cannot seem to get through. SSS have now acquired the...

  1. 4,301 Posts.
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    B/B just cannot seem to get through. SSS have now acquired the rights to mine against one of the richest coaking coal fields in Indonesia. And now a number of other fields for further coal and manganese. Why should I go back to all these reports and drag it out just to please those who are unwilling to do so themselves. If only 20% of what seems to be very good prospects come good, this stock in my view is worth at least 30 cents. Just my view against my own rough ruler.

    The other issue is, Australia cannot keep up the supply of quality coal for steelmaking to China or India and politically it is starting to get on the nose here to some degree. To make steel they will need the big grunt of coal for some time. This coal is very close to deep sea terminals set up for loading etc, the ports are very close to the target markets. Now do some reading and you may become enthusiastic too. Very glad to be holding and wish I had the available funds to buy more. KRL happens to have coal holdings in the very same area, that is why some posters make this connection.

    Hope this helps
 
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Currently unlisted public company.

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