Post by
godman on Jun 25, 2011 5:04pm
I am no technical guy but
Trend lines mean nothing in Jrs IMO, it is all about fundamentals, production and profit, plain and simple. There are enough institutions and mutuals in this, it has their attention, now we need to see some numbers.
KB assures me they would be talking about the things I suggested in their next board meeting and would keep shareholders better informed, maybe an occasional conference call and updating the web site with new pictures of coal production and stock piles at various locations, port, yard, Jansen and the progress on the Blue Seam. I am pumped again after that little surprise PP and I did tell KB how we all felt about it. He assured me it was for the best intentions to get production up quickly and that will benefit us all. The financing when you look at is only the profit from 1 mtns of coal, so if we can accelerate the production that is a 4 month pay back and we have no debt, which I think is crucial in these uncertain times. We would not want to be looking for financing if the marketed tanked.
He also said there were NO SHORTAGES OF CUSTOMERS and it was important to get production to the levels they want to assure deliver once contracts were signed. The customers they were courting so far wanted assurances of deliver and that is probably the main reason for financing.
Anyone have any questions you want asked give me an inbox and I will ask if you dont want to contact, he told me to call anytime, so I am using that invitation. He also said there is a limit to the questions he can answer because they prefer to do that in an NR so it is fair to all shareholders and does not constitute insider trading. GLTA
AND THANKS TO MY FAVORITE BASHER FOR YOUR CONCERN.
Comment by
godman on Jun 27, 2011 9:26am
Shadow, KB cannot release to a single shareholder, it will come out in a NR. They were having a meeting this week with Sales people.