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.
IKW Price at posting:
1.7¢ Sentiment: Sell Disclosure: Held
