Last sentence says it all: "Whether the mine will go ahead or not is yet to be seen." This is the sentiment in the market place in Australia - more needs to be done on investor relations to change this perception...
Coalspur Mines Limited (ASX: CPL) fell 6.3% to end at 81.5 cents. A perennial yo-yo stock over the past few weeks, Coalspur is developing a coal mine in Canada, but is at the mercy of commodity prices. Coal prices have fallen dramatically in recent times, and the miner is still faced with costs of developing the mine, estimated at around C$1 billion. Whether the mine will go ahead or not is yet to be seen.
Can this be the main reason for the stock staying so low?
Let's wait and see.....
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.33M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |