sarb coal project approval

some very interesting action going on in CDS over the last 30 minutes or so, some very large buy orders going through and a strong build up of buy orders.

with CDS in the final stages of SARB approval for their massive South African coal deposit and the likely increase in reserves on the back of further historical drill results, things could happen very quickly for CDS going forward.

I get the feeling there is plenty of buyers out there waiting for final approval and once it comes through, we are likely to see a mad scramble for available shares.

Saying that it looks like some are getting in early ahead of any positive news.