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Colonial Coal International Corp V.CAD

Alternate Symbol(s):  CCARF

Colonial Coal International Corp. is a Canada-based metallurgical coal development company. The Company’s principal activities include the acquisition, exploration and development of coal properties located in Canada. The Company is also engaged in the acquisition of Watson Island, located just outside of Prince Rupert, British Columbia, for the purpose of developing a seaport terminal and supporting an industrial park. Its Huguenot Coal Property is a coking coal project comprised of 17 coal licenses covering an area of approximately 9,531 hectares (ha) located in the Liard Mining Division, northeastern British Columbia, approximately 620 kilometers (km) north-northeast of Vancouver, close to the provincial boundary with Alberta. Its Flatbed Coal Property is a metallurgical coal project comprised of eight coal licenses covering an area of approximately 9,607 ha located in the Liard Mining Division, northeastern British Columbia, approximately 645 km north-northeast of Vancouver.


TSXV:CAD - Post by User

Post by dk9315stkhon Jun 22, 2021 9:51pm
338 Views
Post# 33432136

someone is finally paying ATTENTION!

someone is finally paying ATTENTION!Someone is bailing out of their positions.  It's nice to  see someone else finally post a comment on this board. This company has no interest in generating any retail buzz,  This is a one off special.  There has been closed door interest by Indian and  few other larger importers, Korean maybe for a secure non Australian sourcing of met coal.  This are 2 options, both properties or seperate Hugenout.  Either way, its a decent return on a strategic asset.  Its been a slow process with no urgency in reaching any agreements. There is a small chance of a competitive bid if a first offer emerges but not very likely. Therefore a split.
GLTA still hanging in there.
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