Have a look at Guilford Coal, and Wollongong coal……there is not a great difference, GUF have only recently stated mining and shipping, WLC have taken over an old pit, and now looking to extend to new areas of mining, once approvals are met.
Both GUF and WLC have high grade resource stock, it is an infrastructure issue at present, the main difference is that WLC do have a captive market in Jindal, and also the ability to survive cash burn.
There has been a turnover of personnel at the top, and again, this is not really a bad thing…..the guys were there during the tough times…and …well they went.
Don't read anything into that.
With scheduled production at 1m TPY it makes GUFs announcement a little lame.
good luck to all
WLC Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
