Hey guys,I have posted on this stock before (I don't hold, but...

Hey guys,

I have posted on this stock before (I don't hold, but my background is coal) and I can give a few reasons why price has gone down recently:

-Coal price worlwide has fallen, Coking coal sits at about $210-$220 atm and all other coals generally take their cue from this (meaning thermal etc goes down as coking does too, perhaps not in the same % but just generally)

-Stock has a high amount of risk regarding the area of the deposit and its ability to sell its product. It really needs some decisive information on the rail. NMR needs a few close mines to open up also.

-Feasability and Washability not complete. Scoping study was pathetic (no offense intended) mainly due to the lack of numbers. Obviously they must have some numbers if it says "cashflow positive" but they didnt give any, which is always suspicious.

Just my 2c. Looking for a technical entry myself.