Club Mulgoa

Tuesday, November 30, 2010

AFR

This company presented at the most recent Proactive meeting in Sydney. I like the coal story and bought a small parcel when it fell a bit. But it does not have the infrastructure to move the coal to the ports. Ooops! The good news is the Indians are coming in and may be prepared to fund a railway line. The coal surface is shallow, relatively. And this company is finding more coal. The story is the same for Aviva. But Aviva is smarter, it went to Kenya and look for gold instead!

Today, it announces more coal in its tenement so I expect the price to go up a bit. It has explored the most lucrative parts of its tenement.

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