i am new to this website although do hold shares in NRL.For what...

i am new to this website although do hold shares in NRL.
For what its worth, given mkt uncertainties its not unexpected to see small stocks such as nrl coming under pressure.

That said, i have met the new ceo and IMO would comment as follows:
- he is very credible but, is highly cautious about over selling the stock until such time as he has finished the drill program and JORC'd the results (sadly not expected until 4Q)
- he most defin undertook extensive diligence before taking the role incl site visits. In fact, he turned down 2 or 3 other larger roles to go with nrl
- he is positive on only two of the licences
- he has a clear economic strategy for processing the coal (similar to a quarrying process undertaken pre-washing) which he has used previously at mines in Inner Mongolia
- sadly, his presentation skills suck and will no doubt have caused some sellers to run for cover
- he is in process of building a small team to be relocated near sydney

I remain positive but don't really expect much movement in the share price until 4Q