This is what I said a few weeks back on ECU now known as GLL and well looks like I was right
Cash is king and a profit stream is what seperates this CSG play from others
That heading "Profitable NZ Coal with Qld CSG paid for by AGL" is in my opinion the best way of describing ECU
1. It is a profitable Coal miner with operations in NZ so regardless will be 100% immune from the Rudd Tax grab
2. It sells its coal in USD so a weaker AUD benefits us
3. Its CSG interests in Qld are funded by AGL so really are a side play now
So for me the real value lies in its coal assets which we have seen China wants only a matter of time before they look to places other than Australia and who better than its neighbour NZ
This is one of my largest holdings and I will keep accumulating
profitable nz coal with qld csg paid for by ag
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Mkt cap ! $5.757M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1501000 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 995121 | 1 |
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