opened on a gap up - buyers are returning, page-3

CEO holders
IMHO CEO is the value buy in the ASX junior sector
Mkt Cap < 30M
Other Mongolian peers > 250M
+ CEO has Indonesian play in Kalimantan [ same as CKA]
CEO has drilling teams working their butts off doing DD
with an intention to release market sensitive information ie results as work progresses..
Further we are told that licenses are under option from a major coal player [who clearly did its homework ie not a pump and dump -a producer] and at v.reasonable price with royalties[so they expect production]//compare this with HUN's latest acquisition http://www.skynewsbusiness.com.au/businessnews/article.aspx?id=616457&vId=2426799 [ Hunnu Coal has bought Rio Tinto's controlling 70 per cent interest in a coal joint venture in Mongolia.

The deal is worth $23 million dollars upfront and a further $17 million dollars in deferred payments.

The project comprises of six exploration and four mining licenses with a target of between 250 and 500 million tonnes.

Hunnu says it intends to continue its exploration and acquisition efforts and with the support of its strategic partner move from exploration to mine development and then into production, all within the year.]

Bottom line if CEO get a sniff of coking coal we have a 10 bagger ...IMHO