RE: Sept shall be the start of CQ's run....Upon further DD of their NR from last Sept., one correction that I should add here....there were 4 million shares that were to be come free trading in Aug and if you check the trading since then (re: Aug. 21), only a very very small fraction, if any, came out and it brought us down to .18 for just a day.
Back to the Sept. NR from last year then:
The Property consists of 2,230 acres of land and an application for additional 200 sq kms for exploration and production of coal located within the Navel & Planna Village, and Karjai Village, Tehsil and District Kotli, State of Azad Jammu and Kashmir (AJK), Pakistan.
Noticed that they're also seeking more land there and after 12 months, you'd think that they must be getting something there soon!
Furthermore, the major client of the coal project that CQ acquired is no small potato either: the Fauji Cement Company!
Check out the company: The cement plant operating in the Fauji Cement is one of the most efficient and best maintained in the Country and has an annual production capacity of 1.165 million tons of cement. The quality portland cement produced at this plant is the best in the Country and is preferred in the construction of highways, bridges, commercial and industrial complexes, residential homes, and a myriad of other structures needing speedy strengthening bond, fundamental to Pakistan's economic vitality and quality of life.