NON COKING COAL ,,,,
NO ,there will be no news till end of june or late september .
We will follow up with confirmation drilling in June or as soon as weather and permitting allow."
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Copy and paste from GXS board :
NON COKING COAL......................... Tests for FSI which can indicate that a coal has coking characteristics were NEGATIVE. I dont suppose any of you pumpers read the dire cautions from the company regarding the limited drilling, the permitting issues, and the access issues to continue drilling. Time is a killer to stocks. Nobody is going to sit and wait. This will drift much, much lower waiting for the next results. Similar activity to ENG here. They began drilling, and news would not be out for months, and the stock has fallen in half. You will see a rush to SELL when trading resumes. There is nothing to continue to push this higher. Not the news you were all hoping for.