PRC 0.00% 61.0¢ pike river coal limited

Good to hear someone else talking about PRC. I am a little...

  1. 733 Posts.
    Good to hear someone else talking about PRC.

    I am a little disappointed with the listing, the fact that it is now trading at 20% below the listing price.

    I know it wasnt the best time to list, but I am unsure as to why the buy side looks so week even after the quarterly announcement. Is it because the market doesnt yet know about PRC?

    As for the next good news, I cant see them announcing anything sooner than mid Oct. The next big news to come out will probably in relation to the completion of the tunnel. They're currently at 48% which has taken them 4 months, say another 3 months to complete (taking into consideration the 20 days to install the hopper).

    Come on, this is predicted 2.3 billion dollar company with an over subscribed IPO which is languishing at 80c..
 
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Currently unlisted public company.

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