I think there will be a churn of around 50-70 mil shares before price settles down . Out of the 350 mil SOI, roughly 130 mil are escrowed for periods ranging from 12 months to 24 months. Top 20 have a fair bit and I presume barring a couple of funds that are looking to lock in gains, others will hold for long term. Price has held up well. With upcoming newsflow -
4th coal cutting team heading underground in July first week with cutting commencing in 4 weeks time. 800,000 MT of production in 8 weeks expected as per some article I read yesterday. PFS related newsflow relating to Cook North and Minyango. Plenty to look forward in the next 6 months . Congrats to the seed holders who had the foresight to get in early when no one was touching coal. I jumped on board today and will look to top up whenever I can. Good luck everyone.
B2Y Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
