obviously still risk but then again its sub 0.5p with drilling imminent and the recent mou could come to fruition soon so plenty of possibilities for the better!
lets face it the next period for Altona is the most key part over the last 5 years, been a long time coming! coal is soaring so the timing is there - need huge amounts of coal of course but the board are confident!
not sure but drilling is a quick turnaround time if you read through previous rns so shouldn't be long after drilling commences. Some time q3/4 will do me as long as it reflects the boards positivity!.
If they have 100m+ tonnes of commercial thermal coal which they are confident to have then with coal at 6 year highs this asset will have high value and demand. I think 50m+ is achievable on values.
coal at highest levels since 2012 so 100m+ tonnes of thermal would be huge for this minnow, then we also have the possibility of this other deal completing shortly.
bargain basement. confident at least 1 or 2 of these wells will come in and transform this business into a producer. drilling season upon us, all funded now. full offer being paid 0.55p
yep oversubscribed placing at 0.5p with directors taking part and you can now buy at huge discounts with drilling imminent, fully funded also. good drilling results expected my NL/ anr geologist.
the 0.5p placing was oversubscribed so if the board are buying in that then surprised others aren't adding at substantial discounts especially with drilling imminent. aim for you.
unbelievably nearly 50% down since the oversubscribed 0.5p placing so congrats to the board on that one. I hope drilling doesn't disappoint given all the bullish tone coming from management!