Not so sure this is a pump & dump...! It's a junior miner sitting on a massive reserve & no money to develop it quickly & viably.
All in all the junior coal space is hugely congested with minority BEE partners & past legislation now found out NOT to be a requirement.
They progressing well in a conservative manner & within their debt profile plus when Makhado is in steady state production they gonna generate decent cash flow & have an export quota also.
Junior coal mining is a long term buy..... Don't follow it closely but not a pump & dump IMO...
As an aside Jubilee was a huge pump & dump 5yrs back & only now settled into steady state...!