re: coal
TeamM, good question. With the close of the financial year i think CEY management will breathe a sigh of relief. I wont be looking for any joy in the last 6 months numbers Newstan has continued to suck money from the group at an alarming rate. The relocation to longwall 23 is still not complete, the fire is still not out and the Nitrogen injection is still continuing overall not a pretty picture. On the up side we 're looking at data room opening this month, site visits next with final offers in September as far as the sell off goes. If they extract a good price for the assets it could turn the price up from these levels. I once said on another forum 12 months ago that i would probably buy back in at around 3.20 got laughed at then but now i would be waiting for the end of year results and buying the dip that will more than likely follow and ride the euphoria of the sale of the problematic mines. Cheers,roidz.
CEY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
