May. 15 at 9:03 PM
For new Followers: I started following
$CAD.v
$CAD |
$CCARF, @ColonialCoal, CCoal.ca in mid April when I happened across a video interview with the CEO and the stock was trading at
$1.75 (CAD).
In that video he announced that he had 15 interested parties with signed non-disclosure agreements (NDA's) who were interested in the company's metallurgical coal project located in the Tumbler Ridge area of BC. south of Chetwynd which caught my interest as I was familiar with the area.
Having worked and prospected in the area some 40+ years ago I still remember getting ticked off that every pan I scooped up, out of any creek, had coal floating in it.
https://youtu.be/AaasWoVT5Nk
OK Back to the company.. In the video the ceo evaluated the metallurgical coal resources at
$3.00/ton (USD) or approx
$15.00/share (CAD).
Since then it has topped out at
$2.26 (CAD) and retraced right back to sub
$1.50 last week.
Looks like it doesn't like it down here and is now starting to trek back up north.