CEY 0.00% $6.16 centennial coal company limited

yaaayyy for the day, page-16

  1. 98 Posts.
    re: sabotage at newstan - roidz Dwayne,
    The geological problems we have encountered this time are some of the worst we have seen. You cant get a real idea from the pictures in the annual report but those cavities extend up in some places greater than 10 mtrs the problem then is you lose roof control. Hence the need to pump the glue and rocsil foam. but the good news is the longwall is at last making slow but steady progress. The upshot of this is that for the next 5 walls or about 7 years the wall will have to relocate around these areas the company in the report call it a step around these costs at present around 6-7 mil ago.
 
watchlist Created with Sketch. Add CEY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.