It's starting to look really promising to me. Based on the the...

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Mikjas

103 Posts.

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11/10/18

17:36

Post #: 36089907
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Originally posted by GoNuke: ↑

Hmmm sounds a bit more upbeat.
Record sales is great.
RFQ doesn't mean a whole lot imo but at least it's a step forward. Probably take years before anyone in Tanesco or the government DO anything with the submitted paperwork though.

Finally a small win in the courts although the bigger issues still linger.

I think it's smart to divert profits back into the business to upgrade and maintain the company. Not sure the government will be happy about those profits not going into their pockets though.
Sounds to me like digging the coal & selling it is the easy part. Trying to tick all the government boxes and watch for knives in your back is the hard part.

Firm resistance at 0.015c

ps... I really appreciate these regular updates. The old days you could hear a pin drop for weeks!

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Originally posted by GoNuke: ↑

Hmmm sounds a bit more upbeat.
Record sales is great.
RFQ doesn't mean a whole lot imo but at least it's a step forward. Probably take years before anyone in Tanesco or the government DO anything with the submitted paperwork though.

Finally a small win in the courts although the bigger issues still linger.

I think it's smart to divert profits back into the business to upgrade and maintain the company. Not sure the government will be happy about those profits not going into their pockets though.
Sounds to me like digging the coal & selling it is the easy part. Trying to tick all the government boxes and watch for knives in your back is the hard part.

Firm resistance at 0.015c

ps... I really appreciate these regular updates. The old days you could hear a pin drop for weeks!

Expand

It's starting to look really promising to me. Based on the the last months sales annualised and the coal price based on last years sales and volumes, the price to earnings ratio look's incredible. Also if we're getting up to the 1 million ton mark per annum it's starting to turn into a decent business.

Just need the directors to start buying.

IEC Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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It's starting to look really promising to me. Based on the the...

Top Stories

Dreadnought achieves 84% indicated resource at Star of Mangaroon

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game