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bullrider_21 commented on a stock · Jan 2 02:19

$Geo Energy Res (RE4.SG)$ Geo Energy recently delivered the ...

Geo Energy recently delivered the first piece of good news from the recently acquired coal mine of PT Triaryani (TRA). It reported that it had sold its first export shipment of coal of 55,000 tonnes for USD3.2 million.
TRA coal is one of the cleanest coals (5% ash, 0.3% sulphur) available in the thermal coal market. That's why the shipment fetched a small premium to the ICI4 index, instead of discounts (sometimes as high as double-digit percentages) seen in the past with coal from Geo Energy's other mines.
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bullrider_21
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