Evening all.
Another good announcement today indicating that management are moving forward with the new director appointment. Well done - let's hope he has a worthy contribution to make.
On another note (and not so positive) is the continued delays with Dunlevy. Whilst out of managements control I am astounded that this process has taken so long. Is it 2 years we have been waiting for these permits and N.O.W now?? I'd hate to think how this would have turned out had David Fawcett not been steering the process with the Department of Energy and Mines. Beggars belief that this has taken so long.
Furthermore - ATU (Atrum) continue to excel and are nudging the $2 mark again on good volume. You might recall that ATU mentioned JAL'S success in their prospectus as a means to showing the value in Canadian Coal. Well done to ATU holders who are laughing all the way to the bank!!
Jameson on the other hand have added no shareholder value (in relation to share price appreciation) for a couple of years now. Yes they have made progress with Crown Mountain and to some extent Dunlevy - but I'm glad I haven't needed the money as they have been treading water for ages and have offered very little in the way of exit opportunities had one desired/needed to!!
I will also be very disappointed if the N.O.W takes much longer. Art Palm mentioned in his latest BRR interview that drilling will commence in March or April if they were received soon. If not we have to wait until June to commence drilling, which presumably means results etc won't be received until September or October??
Time to get this sorted out and get on with creating shareholder value and much needed liquidity.
Please note - changing sentiment to hold as I won't 'encourage' people to buy until this thing starts moving. I have great faith in the company - but we need some positive share price action.
Cheers
Doyle
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