GREY:NDXFF - Post by User
Comment by
errussellon Mar 01, 2012 12:15pm
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Post# 19611462
RE: RE: profit sheet needed here for interest
RE: RE: profit sheet needed here for interest It is hard to say why there is no profit and costs out way the current price of the coal. Royal's management would like us to believe the price is too low. But you have to think poor management of costs has had a big impact for sure!
It could also be posturing by Royal to try and elevate the price that SND has them roped into for the coal.
SND needs the coal but Royal can't produce?
In my opinion someone eventually is going to mine that coal....when I re-read the news release by ROYAL there is a lot of suttle threats of if this doesnt happen we will have to walk away basically.....those types of statements are generally bargaining type suggestions.....I am holding my shares in Royal for now.....not that they are worth a heck of a lot.....LOL....but they may be worth a bit more down the road.