RE: RE: fresh off the pressesif you read the release by jennings capital, it says they wont reach production of 3 million till 2013.........yet management has consistently stated they will reach 3 million tonnes by end of 2011, meaning 2012 will see 3 million.............why would jennings put this in their report? to be conservative or could they know managment might not deliver?????
judging by past history of management doing what they say they will do, it seems like 3 million tonnes by end of this year will happen., so why would jennings not reflect this....plus if they do reach 3 millions tonnes by 2011 and met coal prices dont fluctuate too much,,,,,,this 6.50 seems a little low based on valuation........
any thoughts on this jennings report??
thanks,