share buyback to start from as soon as tomorro, page-3

Gday sloanrunner

Yep I have seen that report. A really good summary for someone who has not heard of BGG before (which sounds like most people!)

It will be interesting to see how eager they are to acquire stock in the buy back. They can only buy a max of 5% above the VWAP for the previous 5 days, so it will be steady as she goes it seems.

Agree this company is in the right place in the right time and taking advantage of the consolidation in the industry in China as well as the strong demand for thermal coal, which will continue for a very very long time IMO.

I do wonder what will get the market interested in this stock.

At the moment the operating cash flows are strong, and maybe it will be once Wushan and the other existing mines are fully JORC'ed up, or maybe in the next 12 months when we see the first impacts of Wushan production and the associated profits coming from that mine.

Either way, im a happy holder and will continue to pick up stock when I can.