Not so much the selling continues, more like nobody buying. We can go into all the technical stuff and pricing scenarios of coal into the future, the bottom line is they seem to have a good product, the extraction costs seem favorable, they have found it in a good country to do business and if the modern world still exists in the next couple of years it is likely they will have a market for their product.
We all know that a capital raising is on the cards, it's just a matter of when not if. I just hope they don't turn it into death by a thousand cuts with little go-forwards, rather, lets have one big grab, (if possible) and build a coal mine.
This company has always leaked a little, like most others. It's not a stock for traders, it's more for true believers. I'm in for the pay-day some 24 months off. I'm betting that 27 cents will be one of those, if only I'd know moments by then.
My super owns a lump of this one and is more patient than I am. If it softens any more it will own a bigger lump.
Wafflehead
JAL Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
