mark100
13-04-2011, 05:14 PM
XCD re-listed today after a 1 for 10 share consolidation, $9m capital raising at 20c and change of activity to coal exploration/development.
They have a 55Mt Indicated JORC Resource of thermal coal in South Africa with production targeted for 2013. Also have an option to acquire another thermal coal project
At 23c the market cap is $20.7m with cash in bank of $11.3m.
Once the stags clear I suspect this market cap may rise a bit. UNV is a bit similar and it has traded strongly since listing.
They have a 55Mt Indicated JORC Resource of thermal coal in South Africa with production targeted for 2013. Also have an option to acquire another thermal coal project
At 23c the market cap is $20.7m with cash in bank of $11.3m.
Once the stags clear I suspect this market cap may rise a bit. UNV is a bit similar and it has traded strongly since listing.