Ron, I just had a look at JAL... (Could Not resist, since it reached H/C's #1 spot in the Popularity Stakes).... Well, I am afraid, with just 123 million tonnes of thermal coal, JAL ranks well below other ASX Coal Companies as the #1 Sleeper on the ASX.... Here is an example: EER, with more than 2 billion Thermal Coal in Queensland closed on Friday at 17 cents......With less than 200 million shares on issue, a very bullish announcement IMMINENT, and the Indians, the Chinese and monsieur Palmer and co. ...Circling around it (EER), it will not be long "sleeping" at those prices....More like $2-$3 ought to be a fair and more realistic value for its shares....
Apologising for my intrusion into your Thread.....I was enticed to read the JAL posts on this thread, for the reasons stated above (and the very "impressive" title), something that led me to make the comparison with EER....
Cheers....Have a Great week:))))
JAL Price at posting:
19.2¢ Sentiment: None Disclosure: Not Held
