"Pleanty of positive announcements due but what if an announcement comes out with a placement to raise $10Mill below 10c and coal isnt coaking. Then what?"
Read the Ann's carefully & then give Mark Earley some credit,as he is one of the best in the business in regards to his knowledge & networking within the coal industry.
From yesterday's Ann
Under the terms of the Option Agreement consideration for the coal licences was set at $7.7million. The Company has been approached by a number of STRATEGIC INVESTORS recently with respect to INVESTING in the Company.
The Company is currently in discussion with a number of these groups.
CEO advises that shareholder approval will be required to complete the acquisition of the Mongolian coal licences and meet the requirements of Chapters 1 and 2 of the Listing Rules.
The Company will provide the market with an indicative timetable for these events as soon as it has finalised the steps for acquisition with the licence owner.
Due to the THICKNESS of the SEAMS and large number of mining options available to MAXIMISE THE COAL QUALITY, we are looking to ENGAGE EXPERTS in Australia to assist with the correlation and potential market positioning for the coal.
Have a good weekend
Cheers
Sheeza
CEO Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
