RE: "COKING COAL" no shorts hereDRD you been saying this is going to drop when price was around 60 cents and now its close 2.00...Hopefully nobody fell for your nonsense...I know I didnt.
We have to remember this discovery was unexpected, this caught alot of people off guard and from reading between the lines its appears to be a decent size. As one poster posted out, it will only be a matter of weeks before we find out the type of coal and the size of the discovery...Now couple this with the size of the tiny float.. The word has just started to spread and most of the speculators will be holding their postion as confirmation of the discovery can be upon us at any time, so their are very few shares left for sale....
Yes this has gone up 250+% over the past few days but with a float of this size, its not uncommon for these kind of moves. Just in the past few weeks, we have seen stocks like QEC, ATI, PAN sky rocket over 1000%, with the unbelivalblly small float and news upon us, this could very easily continue to move...No doubt that it is speculative but with news not to far away, we could continue to move on momentum and then just soar to double digits once we get confirmation....good luck to all!!