pretty desperate selling for a Middlemass company, hopefully this doesn't turn out like Coalspur, his last coal company. That was ugly.
High grade coal (and semi soft product also) should be in high demand going forward. My only comfort is they are fully funded to complete a DFS so they should be able to ride out the storm
agree on the management costs, they have hired a full blown management team as if they were already in production. Not sure what all these people on the payroll are doing, seems like no progress has been made at all, especially considering most of the drilling was already done before they acquired the asset
PDZ Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held