There are two things I like about this stock, the first is you just dig it up and sell it, the second is management are switched on and are non-stop active in achieving a JORC for their Iron and Coal. Also they have 21million cash in the bank. Their Tin tennament is also exciting with excellent visable grades and targeted drilling for September.
What else close, close to infrastructure, no native title obligations, solid JV partners, strong demand from China and India.
Well that more than two things and there are others, but also keep an eye on GUF. CAP hold 20% of the coal area in the Galilee Basin.
Major holder is Mr Yue, I thought for a while he was going to take it over, but glad he did’nt. (or has gone back to regroup)
There should be some drilling announcements out shortly, medium long term hold, but should see greater action towards the end of the year , which is not long to go.
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