It takes a lot of faith to be a buyer of something that has let many down in the
recent past. To stay in there, we have to believe that all managerial/policy problems
have been sorted out at last and that the Company is slowly on the way to cash profits
and to being a significant player in the NZ coal market.
That, and the fact that a very important quality coal asset, is just waiting to be exploited
once prices and demand for it recover. That will lead us back into World markets.
The upcoming reports are now awaited with interest. They will have to give us some
indication of strategy for future success.
The future trend in the share price is very dependent on the future (but there will still
be many waiting to "bail out" on an upward trend.) It will all take a while.
BRL Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
