I hope we see some demand as we should be pulling up coal left right and centre once the rigs start drilling. The company is focused on driling around the previous hits of 40m and 60m so the odds of hitting nothing is zero. We should be hitting 50m of coal or more in the next holes drilled.
The market is not going to ignore these type of hits for long. Imagine 10 holes showing >50m of soft coaking coal by the end of Jan. We will certainly see a re-rating then.
The only thing to hurt this stock will be the company delaying drilling after saying they are going to start drilling IMMEDIATEY upon aquisition. Lets see if they stay true to their word.
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I hope we see some demand as we should be pulling up coal left...
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