I was conscious of the proposed timeline to update the market on the coking coal project so I rang NAE's head office and spoke with Gary (MD). He advised they're still putting the financials together and expects to be in a position to release an announcement by the end of next week or the week after. It means we miss the proposed timeline of next Tuesday for a market update, however he sounded quite confident with the figures and wasn't in a position to disclose anything more. IMO, I'm satisfied the announcement will be positive if you can hold out for another week or so.
Cheers,
MM
NAE Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
