Reference Chart: COAL – incidental play
possible an impulse play as latest disclosure put some hopes to the investors specially to those who have bought at a higher price.
take note though the word “INCIDENTAL”. whatever that means, its up to the market how “valuable”
or “worthless” that word worth is.
Subject of the Disclosure
Purchase Order of Sarangani Energy Corporation
Background/Description of the Disclosure
In a letter dated March 19, 2015, Coal Asia Holdings Incorporated (COAL) received and confirmed a Purchase Order to supply Coal to Sarangani Energy Corporation to be delivered to their stockyard in Maasim, Sarangani Province, Mindanao. COAL has received a permit to sell incidental production of coal from their mining program from the Department of Energy. This demonstrates the ability of COAL to mine, develop, and ship its coal to power plants in the Mindanao area.
ACR’s SEC 105MW (power plant #1, they have another pp#2-105MW under construction) i think will commence operation 2nd half of this year.
COAL Daily chart
Entry filed under: Phisix's Closet (PSEi).