CEY 0.00% $6.16 centennial coal company limited

directors all buying more, page-7

  1. 98 Posts.
    re: stay or dump it? You may not find much joy in 3rd quarter results, Newstans troubles have continued to the point where they will be pulling off longwall early leaving approx 500,000 tonnes of coal it will be gone forever. Losses there have been running at $2 million a month since Xmas. Mandalong has struck problems with its longwall pan line 75% of the pans have cracked they have called in witchdoctors from manufacturer to find out why, it will mean remedial engineering or posssible replacement which of course means delays to start of new longwall block. Awaba open cut has run into staunch opposition and also mounting pressure on Anvil Hill not to go ahead. Cey management at the moment has a lot of headaches. Cheers roidz.
 
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