epc890 - rocklands project, page-24

Well I'm pretty happy with RCI. I got in around 23 cents. These guys have $26 million in cash, coke prices are going up and I expect EPC890 to start to get exploration activity shortly.

Management have done the right thing by focusing on getting their coke operation sorted before committing funds to exploration activities.

The options were exercised because Jindal made a bid at 42 cents. No conspiracy there.

So what if no one else makes a bid? RCI has plenty of money to explore now. And if the coke operation continues to be a cash drain, they can shut it down. They still have the cash for exploration.

900Mt of coal is worth at least 0.50 cents to a $1 per share.

Onwards and upwards.

Ralph