Picked up on this stock in a discussion with some friends down at the coffee strip in Mount Martha back in August. Did some research and got in at 5 cents initially then sold off at 7.5 cents as it appeared to weaken. Was pleased when it went into a trading halt but gasped when it came back in with a huge jump on the first day back from 10 to 15 cents (It had delisted at .098). Managed to get back in at 16. My rationale are the apparent fundamentals. Not a huge issue of shares is a plus, but the high quality coal that is said to be (by their account) going into production by the end of the year looks like enourmous potential down the track. I think that the latest reports are worth a look and as I could not find a thread on it thought that I would post up to see what others think.
Whether we like it or not coal has the grunt at the moment till real alternatives can get/keep us running. Energy in my view is probably the hottest sector and this mine is right at the doorstep of the insatiable Chinese market, many companies in Australia just cannot keep up to the demand for high quality coal and that is if they can get past the jam in places like Newcastle. So just thought I would share some of my thoughts.
I hold KRL