Guys - this one will be a hot float. It's listing today.
From the website about their flagship Oaklands project:
'Coalworks completed a drilling program at Oaklands in 2008 which delineated an inferred JORC resource of 280 Mt of coal in the southern zone of the Coalworks EL. Potential exists in the north of the Coalworks EL to increase this resource. A further drilling program is planned to upgrade this resource and advance technical studies.' Coal is thermal coal. Has moderate ash content though. So they are going to market with a 280 Mt inferred JORC resource that will presumably be quickly delineated and has the portential to be expanded.
They also have two further prospects - an additional coal deposit and a limestone deposit.
Be interesting to see how it goes. IPO was for 18m shares at $1. I think it will zoom over the next week or so, then settle as we wait for newsflow.
Anyone get on this? It closed oversubscribed which is not surprising.
I will get some more nfo on the projects on the weekend.