Not stuck in this stock....not mad not a bumper. I'm just calling you out. I'm curious how you can play on here every day like a tard
That's all you have? Not man enough to answer another man's question?? What do you do for a living? in case you forgot the original question.
I'm in Lexington. I agree with what your saying my guess is a deal with the operating company. Unless they borrow some capital.
Plenty of coal mine operating companies in Ky.They would need to sublet to a operating company whether they owned or bought mineral rights.The operating company usually works with transportion.
So is that roughly 2.5 million tons annually out of that location if so not bad for that region. Prob still small compared to the production in Harlan and Pike counties.
Google Kentucky quarterly coal report.Lookup the counties that Newl mines are in and see what kind of tonnage is coming from that region.I haven't looked.
Best I know there are 165 mines here in Kentucky as we are among the top 3 coal producing states.Marrowbone is in Bardstown prob not a big producing mine like ones in the eastern part of the state.They could have closed it over union vs independent operating disputes not sure.A lot of mining in the eastern part of the state is currently being done by mountain top stripping.
Good points.....I have clients here in Kentucky that own coal operating companies.Not many on this board want to discuss facts or logistics of this mineral rights purchase.Just argue senseless.
I know right...you either own the mine or the mineral rights and hire a coal operating company to extract and haul.
Lol In pretty sure the initial land deal didn't include equipment. I'm pretty familiar with Breathitt County Ky where this abandon mine is located.
I'm not really reading this as bad news.Rights to a coal mine is prob better than owning it in my opinion.I'm pretty sure there are all sorts of EPA and other laws that apply to owning a mine.I'm sure plenty just having the rights to it.
They have 180 days to have 10 consecutive days above a dollar.I don't think this is going to close below a dollar between now and October 30