As a CEO holder I am very comfortable today's very nice finish.
Possibilities:
1. preceding good announcement as usual
2. relatively good coal quality with awesome seams result
than other companies
(switching from other Mongolian minnows to CEO)
3. oversold situation
(waiting for signal to move in (again)from pre-holders
and/or new-holders
As I mentioned before, we definitely need more detailed information and data as well.
Especially I am focusing on why they drilled toward N, NW and W directions initially. Main coal body is in other side tenements? This is my biggest question.
Coal quality, seam thickness.... definitely alright.
Let's see how it is going on.
Regards,
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