Quick chart the technically handicapped....just follow the...

Quick chart the technically handicapped....just follow the arrows:




05/10 - Start of uptrend
$ 6.80 - expect some resistance. Buy dips if they occur here
$ 7.15 - current uptrend target. Look for consolidation here
$ 9.80 - next stop if $ 7.15 is taken out on strong vols.

Predictions:
1. Additional resource updates and coal quality, for 946 are coming. If it was my company; I would not announce the whole 946 in one go.
2. Sp going back to $10 - $12.
3. Talbot taken out by major
4. RIV taken out at $15 - $17

As always, DYOR. Look at:
* developing logistics - additional second rail line + barging
* Huge increases to 946 to come (look at the map in the latest announcement, and tenement maps on slide 10, of 5th May Morgan Stanley Presentation)
* Very, very good quality hard coking coal (met coal is worth double thermal coal).

As always, good luck long term holders.

Just as an aside; IMO management have never been too concerned at achieving sp growth via retail investors. The resource size and quality is not that of a junior explorer / miner. It's big, brothers.

Cheers, Skip