4 replies to this topic

[Midas1]

Did you see the 18 percent up Friday....but let's not forget the constant downward spiral down.. out this anyway

[soutie]

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...!

[Midas1]

Yes I bought that on someone advise..cr p...would rather ditch dead wood and use funds better...my fault listening to pump and dump and not researching properly...

[andi222]

This was a classic example of a pump and dump share imop.

[Midas1]

Sold them off my equities, been limping along for too long,,took a loss but would rather spend the funds on a share with a chance of profit and recoup it that way..were pathetic and no volume