RE: Lublin NPV $1.8m4 Nov 2016 16:01
Don't you get tired..... You mean like Kenmare resources?? I do hope people followed my clueless advice on SEPU over the last few days. I get that you have a very broad knowledge of fundamentals here but the reason we are still at 27p is obvious to me. Firstly, this company hasn't mined a bucket of coal yet, secondly, what are the terms of the JV. Thirdly, IF the joint venture happens. Fourth, IF PDZ get a licence to mine and finally, even if the terms of the JV will depend on how much cash PDZ will have (Maybe more cash required = Dilution) Oh and coal prices have gone up with the oil price going the other way. By the time this thing gets up and running, oil will be higher....you know the rest.....Lots of IF's .....Just my opinion...GLA