sep 2008

This stock has been hovering in a fairly tight trading band since the emergence of the GFC 08. It now appears the potential and size of tenements are being noticed and the SP is responding, as you know 60c a while back, today 50c after tthe recent retreat. Company expects ramp of profits from here forward based on Production increases (50% at Baralaba) Aggressive drilling, PCI coal price increases Some nice action today on possible t/over I would suggest. They need to offer plenty for this gem IMO. 15 -30 m traded shares is the next kick required and it will not be far away. Nice end to the week. Watch tomorrow maybe. Could it be Japanese t/over, for hungry Jap Steel Mills. DYOR GL