CEY 0.00% $6.16 centennial coal company limited

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  1. 98 Posts.
    cashew,
    The story so far is. Newstan is hurting big time around $17 mill lost for the first quarter. The geology is very bad with major rolls across the face slowling production to a snails pace and making roof control very difficult. On the sale management have gone very quite tenders closed in September but the reopened them for another party to have a look rumour wa they were Pakistani, which in itself says alot about the quality of the assets not one major name bothered to look. Also opposition to Anvil Hill is mounting David Suzuki has thrown his hat in the ring as well as the local thoroughabred breeders including the owners of Coolmore so we are talking heavy hitters with deep pockets as well as the wineries owned by Fosters and co. And you are right the average shareholder knows nothing about whats driving the sp atm and frankly and cant see there being that much good news out there either. Cheers roidz
 
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