KOOL AIDRichardtrader
Easy on the Kool aid there buddy. Don't want to get a kool aid headache. We are all excited about the recent news and momentum. Keep in mind this sucker fell from many days trading in the 4s all the way to 99 cents. I remember how sad I was when it fell to 2.75 the day of the placement. Its now more than a buck off that mark.
Just trying to keep a little perspective here. I am glad they are raising cash without significant dilution and I hope its all for long wall mining and not further cost overruns on the capex required to reach 3 mta.
We also need to understand the mkt price of cline's coal vis a vis the queensland benchmark. 10% discount ?? 30% discount ??
Although another week of this and we can stop calling the company de-cline mining :)
Pasta