EOC
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0.00% 37.5¢ endocoal limited

price capitulation, page-9

  1. ddzx
    28,706 Posts.
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    04/06/12
    22:27
    Post #: 10265473
    EOC only have two drill rigs working (last year, had five rigs)

    postive - uses up cash more slowly

    negatives -

    * uses up more cash on admin per tonne of coal found
    * proves up deposits more slowly

    mgt get their same pay for less results

    EOC Price at posting: 28.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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