progress, page-2

Looks like the stock was under selling pressure since the IPO, which seems to have dried up, finally allowing more confidence to take a position.

With a current valuation of just cents per ton of coal it shouldn't take too long to get back to the list price and then when feasibility is being discussed at Moorlands, that deposit at least should get a re-rate more akin to its neighbours.

The company is outlining an organic growth strategy that shouldn't overly dilute the register or take on huge debt obligations, such that it is worthy of a look for the longer term investor as well as the trader.

So expecting some further initial gains if the seller has gone, and then if Moorlands feasibility looks OK and all targets can be at all prospects then much bigger gains are possible.