RE: Maybe an offer is coming8 Apr 2020 18:50
There wasn’t really any hint of a drop back during the days trading and the bid was always supporting the price taking any sells. Someone is buying off the ask and collecting on the bid (through a market maker) imo.
How much is a company worth even at a ‘risked’ price that has access to 580+ million tonnes of thermal grade coal in the ground and 80% ownership of 6000MW of power plants (granted these are on paper)?
Is it 20 million GBP? I don’t think so. We’ve clearly been depressed in price due to Dyani’s overhang. That has gone now. The re-rate has started and I believe will continue until the gap between thdd Ed current valuation and the valuation we should be given is closed.
I’ve been waiting and expecting today’s rise (as a start) for some times. We have truly broken out with decent volume.
I’m hoping we’ll see the 40’s very soon as a base for further rises in future especially after the GoB has been served with our ‘Project’.
The mine JV announcement is literally hours off imo.