They say the market always gets it right....I think in this case...

They say the market always gets it right....I think in this case it's got it totally wrong.....cashed up ($2m cash) from 2c raise in November last year (SP went as high as 4c after that)....any stock in and around 2c for savvy investors is a steal imho....

Posted on STT....

More on Coking Coal

17/4- The Australian- Today
http://www.theaustralian.com.au/bus...t/news-story/2bd8627b7be9b47a49925fdfd376a8c0

Private equity-backed coal play Pembroke Resources is stepping up talks with potential financiers and project partners as its proposed $1 billion Olive Downs coking coal project in Queensland gathers more momentum off the back of a soaring price.
Pembroke, which is bankrolled by specialist resources-focused private equity firm Denham Capital, is investigating funding options for Olive Downs in tandem with its work on a bankable feasibility study and the environmental approval process.

11/4- Fox News-

China has sent a flotilla of North Korean freighters loaded with coking coal back to their home ports, according to an exclusive Reuters report. Meanwhile, China has placed massive orders for the steel-making commodity from U.S. producers.

The move reflects China’s public commitment on Feb. 26 to join other nations in punishing North Korea for its continued nuclear weapons and ballistic missile development program. China said in February it was suspending North Korean imports for the rest of this year.

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My exposure to this sector is through NAE- Ex- BHP management. @minoil @forrestfield @TheGladiator @strauss I know you guys took pilot positions, speak highly of CEO so no harm in tagging to keep up to date with recent developments.

This coking coal project has just become extremely valuable very quickly ($1bn + project now)-- and presents a different opportunity for financiers looking for geographic coking coal supply without the weather risks.

I am watching this stock closely and it's getting capped with a big buyer on Friday forcing cappers into retreat.

As for the Redmoor Tin project, there is a real push to get this underway and into production. It's 50/50 in this project with Cornwall Resources, part of Strategic Minerals Limited, whose director Peter Wale made a presentation at the House of Commons about the Redmoor plans in Dec. Cornwall Resources Ltd is part of a joint venture between several multinational companies, is currently carrying out test drillings at Redmoor with a view to reopening the mine.

Strategic Minerals M/cap (19$m GBP- $31m AUD) chart below....NAE is $8m m/cap......imho here we have a very decent arbitrage opportunity on the Tin project alone....let alone the extremely valuable coking coal project it's in possession...