Jump to content

PRC


Commander C
 Share

Recommended Posts

  • 1 month later...
Am well in the black on this one too, thanks to the strong price of coking coal. Here's hoping for a smooth cut through the Hawera fault and not too many teething troubles... in my experience, that is perhaps hoping for too much from any mining company though. Not usually a holder of mining development coys for this reason, but the choices on the NZX were looking a little limited back end of 2007.
Link to comment
Share on other sites

  • 3 weeks later...

With the price going nuts, I have taken a good chunk of profits on this one! (Sold one third at $1.46).

 

In fact - due largely to the resource side stocks - I have had a record month for investment so far. That is nearly always one sure sign to start taking some back off the table!

Link to comment
Share on other sites

  • 5 weeks later...

Too hot to hold. I'm out today. Doesn't make sense for a move on this magnitude on single project risk with cashflow still to come. But then, I struggle to value this operation and no expert in this field.

 

I just can't help the comparison with ASX:ECU which is already operating at 100,000tpa of (high grade thermal and sub-bituminous) coal out of the South Island, has Aussie coal seam methane and NZ coking coal prospects and is continuing to ramp up production, yet is available at a market cap of $15m, I know which looks like the better choice to me. (Would be nice if ECU had a bit more liquidity though - just holding a small trade for now).

 

Apart from that, I have a feeling some more NZ cash will find some bargains in a few months time.

Link to comment
Share on other sites

Well those ASX:ECU proved a popular pick over the past week! Out of them too for now - don't have the time to trade quite this fast though, so I'm going to sit on my profits and take a break... B)

 

Good to see PRC lock in a good price for the coal. Lets hope things go smoothly through the fault etc.

Link to comment
Share on other sites

Hi Lizard,

Of course this coal is too hot to handle. It is the finest available and acts like a catalyst when added to other coals.

 

And with steel in huge demand and coking coal in short supply, my advice to you is to get back in and enjoy a huge ride.

 

Cant believe you sold out .

 

Dont really know about this site. Should be a subset of the aussie one or at the very least you shouldnt have to log in again.

Cheers

Link to comment
Share on other sites

  • 7 months later...
  • 2 years later...
 Share

×
×
  • Create New...