RE: A message to the BOD18 Jul 2022 23:57
JS has done us over, that’s the fact here. Hopefully he’s so distressed he’ll never be back.
As Kevin said yesterday the SP now is where it was when we were not producing and still remediating the wash plant, the rail track and the underground mine.
Now we have a double shift HWM doing 40K ton a month. That’s a fact.
The IPO was priced at $297 per ST. Hi vol B.
We are mixing the HWM and the UG Hi vol A coal so get a further premium on spot price.
The trains are now taking the product in 11K ton batches.
This was 60p when we were sending 4K ton every Friday by road.
Nothing has changed bar John fecking Story and his debt on his gamble. He lost and the true winners are those buying in at these stupid low prices.
In 6 weeks this will be doing 70-80K ton and once double shifts on HWM2 are notified then the analysts will be in the data room crunching numbers for the pension funds and high net worth individuals or even a take over.
I think a lot of people jumped in hoping for 10% after the SR podcast but as we’ve seen recently if that doesn’t happen they sell out and move on.
There’s only 70,000,000 free float here. Amazing opportunity to not only increase your capital, but dividends in the next few months too.
DYOR.