IKW 0.00% 46.0¢ ikwezi mining limited

stranded?

  1. 7,161 Posts.
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    As per Quarterly - IKW targeting export market (not sure which one)..

    US:Rand 9:1 not sure on stability sub 10:1 but with thermal coal slumped to $77/t its alarming if they werent going to announce production in the last 3 months...

    Mgmt have given ZERO INDICATION on costs associated with this project?.. Not even sure if they have approval with current cash backing for a loan facility...

    Does anyone have info on costs etc so we can look at margins with loan payback?...

    I hope Forbes offers us like 3c a share or something as thermal coal looks to be tracking around ~$80/t or sub $80/t until mid-2015 and at under 10:1 ratio I doubt IKW can operate in those conditions..

    Mgmt should really take a pay-cut.

 
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Currently unlisted public company.

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