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CoAL up 12 %

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Occasional Contributor
With CoAL up 12 % to day and about 25% since last week, whats going on that is not in public domain OR is it that I just have not heard about it?
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Occasional Contributor
Up 100% month to date. Any idea why ?
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In 2013 Haohua Electric Company China invested 100 million USD in Coal Subsequently Coal has raised another 64 million USD from its major Shareholders - look them up yourself - which totals to 164 million USD in capital. Coal had some debt which it paid off except for Rio Tinto. They still owe them 22 million USD for the Makhado development. Coal is still trying to sell Mooiplaats which is supposed to be done by 29/04/2015. You can decide if this company is going to make it. They have some good resources in the ground that just needs to be dug out which they claim they will be doing by 2018. As to answer your question. The share was terribly undervalued at 24c assuming the capital injected as stated above.
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