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19,823 Posts.
310
28/06/11
11:09
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Thanks furniture
Yes I have held her for a long time
I see the wait as a good thing rather than a negative. They wanted to get a good project and clearly they have delivered on this.
I can't see a CR below 2c, more likely 2.5-3c before another Mongolian coal aquisition is announced.
1.5c is the 61.8% retracement and I was comfortable topping up with another 400K at 1.5c this morning.
Minimal risk at these levels, she should be 5c + once the initial drilling program is annnounced.
I think this board will deliver.
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