futuregains
a mate in one of the coal companies bought back the papers from the recent Hong Kong Anthracite Conference and spoke to a coal trader in Singapore who said that marketing anthracite at anything above 15% ash is almost impossible, even before the surplus that has emerged worldwide - makes Kangwane look uncertain (at best) given its clearly got low washing yields if you look at the various Presentations
Mbila, accoring to these coal industry types, looks a lot better coal quality - but the wording of the announcements is a bit worrying - it seems to hint that Mbila needs a lot more work which doesnt sound like a BFS. Add the shares coming any day from the York transaction to buy the 30% of Mbila, add the $18m financing, add more feasibility work and then development and I'm not sure where this will go.Makes one wonder.
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1.5¢ |
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Mkt cap ! $67.10M |
Open | High | Low | Value | Volume |
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---|---|---|
26 | 5388847 | 1.4¢ |
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21 | 5587743 | 0.013 |
9 | 9978724 | 0.012 |
10 | 6755090 | 0.011 |
11 | 4755000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 2646681 | 16 |
0.016 | 9888641 | 25 |
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