RE: Riddlethis: AnonymousLike SLT is a very confused person. He supposedly needs to get back to .28 to break even, which means that he has owned for a year and half, yet he hasn't posted here for that long....so what name did you previously use?
Then he/she tries to be positive "hoping for production" but then tries to twist every last word of news releases to raise concern. News Flash - this is a junior and there is very little sure things on the venture. Go invest in blue chips if you need 100% certainty before you plunk your money down.
Here is the truth:
- Management has to earn our trust back as their history is not flattering. Your comments about insiders selling is true, even if the longs don't want to beleive it
-this company (like many juniors) has tried the uranium, mutli minerals in LL and now coal.
- the company is a high risk, high reward stock but the reward seems to going up as the risk is lowering
- the company will be producing and selling coal. Costs are fixed and it appears that they will profit somewhere in the $10-20 per ton range, depending on the future price of coal, much higher for blue gem.
- this is not a slam dunk. The auger could break, coal may be lower than originally tested, other costs may come in, licenses for future mines may be delayed.
There are many potential issues, no doubt, but IF they follow through in their plans, the stock price should easily triple from here. If you don't like your odds, sell and save us all from your "sky is falling" act.
I choose to hold for a while longer to see the story unfold.