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2nd highwal miner is due end of this month, seems all is going as planned
Penstock, I agree what you are saying but I was kind of expecting that the SP gradually climbs up towards March/April due to much higher production in November. Understand though without proof of sales a lot of people maybe hesitant to buy or get in now. IMO it's a great time to get in or top up more as I expect Ben to solve the shifting issue soon. I personally don't mind waiting as I would like to benefit from dividends. My problem is that I don't have funds to top up anymore :( It also seems that gradual increase is unlikely and we may see a sudden spike should Ben confirm increased sales/trains etc in coming weeks.
Since Monday, someone is damping 10,000, 20,000, 25,000,40,000 etc regularly which doesnt help
I think we lost the momentum from the past few weeks :(
Suthy, pretty much every stock on the market increases and drops significantly nowadays. Its so unpredictable. You may be right that the SP could drop for Tekmar but I think otherwise. I suppose only time will tell.
Due to the war between Russia and Ukraine, it seems that the coal prices will keep rising. Russia is world 3rd biggest coal exporter but their biggest customer is Europe who are protesting them by not purchasing from them anymore.
This gives Ben and all other coal companies around the world opportunity to gain some European customers that used to buy from Russia.
Chinese are on the move also though as they increased coal production significantly since June last year. However, their coal export sales were significantly down. This could be because of reduced car production due to short chips etc.
I think the chip shortage still continues and not sure when this will be solved but once it is completely solved, happy days IMO!
Judging from what they have done so far and how ambitious Adam is, I reckon that is achievable in the next 2-3 years.
It's Adam's wish anyway.
We made it to "today's risers" list as we are 10% atm!
I based the SP on worse case and more of a realistic and achievable figure considering how low it's been for the past 5 months... . Of course dividends, consistent prodcution and sales and broker etc should attract new investors and hopefully big investors which means much greater SP fingers crossed!!
So it's all down to sales and being able to shift these with the trains consistently then !
If we are confident of producing 70,000 washed coal per month according to Adam .....@ average price of $300/coal, that is 21Million/month - $250M /year or approximately £208M revenue per year.
SP is currently @ 26p based on market cap of £94M
If above is achieved, SP could increase by 2.2 times so we could easily be near to 57p per share.
Fingers crossed!
I don't know about anyone else but I am well under water with Baron (-51% and keep dropping as we speak). I know I came in late and bought when it peaked in September last year but i really didn't anticipate such significant drop since then.
I hope some good news come in soon and it helps SP to recover
Oh, I see! That is a perfect explanation. Thanks a lot for taking time to explain.
Sirmark, pelase accept my ignorance but could you explain what 6v1 and 7v1 mean and what does this mean for SP (good news or bad?) I think I know that level 2 is sort of more access or detailed data on order book? Again you can correct me if I am wrong.
Anybody knows the output in December and also how many trains do we have booked in January?
I presume the train that arrived on 22nd December was loaded and left already?