EOC 0.00% 37.5¢ endocoal limited

cancelled meeting..what a waste of money, page-10

  1. 28,706 Posts.
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    Denial, no offence mate bit this reading and acceptance of annc's verbatim is out the window, have to go a little deeper than that nowadays...

    potential EOC asset buyers, unlike us shareholders, are permitted into the EOC data room

    obviously, information will have leaksed during that time & the share price has been falling during that time

    don't get me wrong. there are many companies with undeveloped high ash deposits, such as CLR and AQA

    but they remain undeveloped deposits, which were originally rejected by the majors as uneconomical

    such deposits are only economic at higher coal prices but with coking coal & PCI currently down at $150/t - $175/t, these high ash deposits become increasingly marginal

    good luck
 
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