Colonial Coal – Large buy trade goes through the market

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   Colonial Coal {TSX.V: CAD}

A large trade of 1,945,000 went through the market, representing 1.3% of shares in issue.

No notice of who the buyer was, but an institution would seem the most likely.

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Colonial Coal {TSX.V: CAD}

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A large trade of 1,945,000 went through the market, representing 1.3% of shares in issue.

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No notice of who the buyer was, but an institution would seem the most likely.

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It’s interesting that such a purchase has occurred after the recent Flatbed PEA, and Hallgarten and Tormont research notes, both highlighting the massive market undervaluation compared tot he asset value of the coal resources in the ground.

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