AVX 0.00% 2.5¢ avexa limited

Cash from 1st coal sales, page-7

  1. 323 Posts.
    I hope folk are not confusing the price of thermal coal - used for power stations and metalurgical (coking) coal used in steel production. The coal AVX are dealing in is coking coal which depending on the quality is around usd $90-$100 +
    Dr Coates told me in 2014 when the price of the lowest quality coking coal was around $114 usd there was still enough profit with prices around those levels. AVX had gone into it with eyes open with the expectation that this play was always going to work. Words maybe but at least they have got it up and running again.
    Hoping for an update SOON. A director buying on market is a good sign for me. Still think there is a lot of manipulation (read accumulation by supressing the sp) at the moment. A fund manager told me a year or so ago that AVX was on a few "boys" watchlists.
    One can only be positive ,lol, at this stage. Patience
 
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