i bought in too the other day at 3c even on the back of the NSL performance.
However isn't the CAG ownership potential only a small % compared to NSL. What is the SP $ potential of CAG in the coming weeks. I haven't seen any calcs on ROI for this one.
hey YT, CAG just needs to clear the resistance at 3.5c and we should start to see some further gains, just seems to be a few stale holders/profit takers willing to cash out at 3.5c at the moment.
coal is on fire at the moment especially in the spec end of things with companies such as CAG,LOD etc doing really well.
also CDS has now graduated out of the spec sector into the mid tier coal plays, also became my first $1 million dollar paper profit stock
What I find most interesting is that as stated the company have already got MINING contractors
"Metro owns 100% of the shares in PT Metro Consolidated Resources (“MCR”), (95% as a direct holding and 5% through a trust arrangement) a Foreign Investment Company (Penanaman Modal Asing), which has entered into a sub-contract with PT Batubesar Mega Nusantara (“BMN”) to conduct mining activities on a coal prospect covered by Coal Contract of Work PKP2B – Area KW.0080 (“CCOW”), issued by the Government of Indonesia."
That they already have divided the project up into 3 area's
The CCOW covers an area of approximately 49,080 hectares which has been divided into 3 categories as follows:
(a) Exploration Stage – 13,250 hectares;
(b) Feasibility Stage – 25,830 hectares; and
(c) Exploitation/Production Operation Stage – 10,000 hectares.
The exploitation area is the most advanced and is covered by the mining sub-contract between MCR and BMN. The Indonesian Ministry of Minerals and Mines has approved the commencement of mining activities in this area and mining related activities must commence on or before 15 July 2008 in order to comply with the terms of this approval.
So to me it seems more and more clear that the company has acquired a project which is on the verge of start up and if this is the case we as shareholders will be in for a wild wild ride
Yeah CAG looks be trading up in anticipation of this production deadline,
The company has about 500M shares fully diluted which at 4c = $20m so not demanding, but what is it worth once production kicks in?
I mean I never thought NSL would be 10c so quick, so it makes you think can CAG be 10c? that would be $50m
I would be interested to see what the chartists have to say about CAG technically
Yeah CAG looks be trading up in anticipation of this production deadline,
The company has about 500M shares fully diluted which at 4c = $20m so not demanding, but what is it worth once production kicks in?
I mean I never thought NSL would be 10c so quick, so it makes you think can CAG be 10c? that would be $50m
I would be interested to see what the chartists have to say about CAG technically
Thanks YT for clearing that up, i wasn't sure from reading the ann.
So really the upside potential is good?
YT, Have you done any future value calc potential?
Wish in hidsite I had hung onto my original holding in NSL, i got frustrated in waiting for news and sold out for 2c, but then a few days later I thought i may have made a mistake and bought a qtr of my original holding back for 2.6cents. So i have made a quarter so far of what i could have, but i had a loss when i sold cause my avge was 2.5. Anyway live and learn!!
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