Sold my last 250k shares yesterday morning on open. It’s be a solid run from the Universal Coal days. Think the ex Div stock will take a big drop, so decided to get out.
still not sure about the management of this company. Think Craig and Danny were very lucky the coal price did what it did, to get the debt removed. Mongolia was just the biggest management FU, and should have never entered into that mine, and what is happening in SA at this time with Eskom is not good. The only good decision was to buy BA, and they will make good money for years to come if the coal price can stay above US$120.00.
Made excellent return, so time to move on. Good luck to all holders and let’s hope the coal futures return to above $200.00.
TER UNDERVALUED FAIR VALUE $1.20, page-30
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Last
22.0¢ |
Change
0.010(4.76%) |
Mkt cap ! $176.2M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 21.0¢ | $115.6K | 535.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22688 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 667513 | 12 |
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