Obviously DYOR but IMHO over the next few months and into next year while the market is at its current state and a few companies are struggling with cash, there are going to be some corporate decisions going on. Especially amongst the junior coal explorers.
Endocoal was the first off the rank but IMHO it wont be the last. Chinese and Indian companies are cueing up to get some good value and they sense this is the best time to buy. CLR is a great buy now and I think it is time to top up.
There is money to be made if you can pick the companies that are going to get snapped up or enter into deals. EOC went up 42% in a day. However DYOR and figure out which junior coal companies have decent tenements and which ones have dodgy tenements which have just been hyped up.
Dont just look short term, look long term into production, infrastructure, etc. These Asian companies want value and they want it cheap.
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