Oze, on listing, they hit a high of $1.2. Recently, shareholders were told that exploration progress at Oaklands had produced new inferred coal resource of 640mts, more than doubling the 280mts at listing, with increased coal qualities. I'ts exploration licence in the Vickery Coal South coal area of NSW is also causing waves. They have strong asset backing and plenty of cash plus the sector has been quietly moving of late ala RCI. It's very forgotten. In time, it should appreciate very well IMO.
CWK Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held