CEY 0.00% $6.16 centennial coal company limited

stopped falling???, page-4

  1. 7,809 Posts.
    Well I must say I feel it has all been a bit oversold.

    Obviously AXA sold all their shares (around 5% of issue), but M and G have been taking up some of he slack with almost 10% of shares on issue.

    The last quaterly was like the last straw for alot of investors I'd say, with Newstan being the straw. It'll be back in action for 3rd quater.
    But this is a diversified mine company and overall is why we should invest ultimately, the company has performed reasonably well. Apart from more geological hold ups at Newstan, the other mines are increasing output and profits in a YTD position and compared to last quater.
    You would think from a sp reaction that the company was going to make a loss, but management expects net profit between $ 20 and 26 Million. So I added a few yesterday, and they are in profit today, lol.
 
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