cheap cheap like budgie...
you have to back management especially for having the foresight to buy an asset that the Chinese had spent $1.3BN on that they bought for $30M.
coal mining is not exactly an easy business, but these guys I believe have done a great job. again I will back PAC Partners too.
plus if some of your top strategic shareholders are buying more that is a pretty decent signal.
Management cannot manufacture share prices- that is illegal.
what they can do is build a good asset in a tough business ... and that will lead to greater things and maybe even a takeover down the track.
B2Y Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held