TVN

As a small calculated gamble, I bought a small parcel of TVN shares based on its ASX announcement in July 2011. It is not hard coking coal but with such a thick seam and next door to Peabody's tenement (and 'next door' to China), it can't be too bad. I was wrong. The share price went down further and there is a question regarding its quality.

Today, it has found further extension of that seam, thick and shallower. So it will go for a ride this AM but until the quality is confirmed, it will probably be a spike and then a fall.

http://www.asx.com.au/asxpdf/20110901/pdf/420t3ts3p0dg2f.pdf