Colonial Coal – New Research Note Published

Colonial Coal (TSX.V: CAD)

A new research note written by New York and London based Hallgarten Investment Research is positive for Colonial Coal.

What is amusing is the price target given when the report was written a week ago has already been surpassed!  A 50% increase in share price in a week means the report may need to be updated […]

 

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Colonial Coal TSX.v : CAD
Stage Exploration
Metals Metallurgical coal
Market cap C$576 m   @ C$3.31
Location British Columbia, Canada

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Colonial Coal Flatbed map

Colonial Coal Flatbed map

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Colonial Coal – New Research Report Publihed by Hallgarten & Co.

 

A new research note written by New York and London based Hallgarten Investment Research is positive for Colonial Coal.

What is amusing is the price target given when the report was written a week ago has already been surpassed!  A 50% increase in share price in a week means the report may need to be updated!

A week can be a long time in the markets, and so it has come to pass as a research note written a week ago with what looked like an achievable price target in the medium term, has already been surpassed.

It does seem as though the market is at last realising the undervaluation of CAD versus it’s assets in the ground.  Even after such a rise, the share price still looks underalued in my opinion.

One concern may be that of the price continues to rise we may be priced out, but of course the opposite is also true, where the rising price brings bidders to the table quicker as they seek to secure supply at an affordable price.

 

To read the new Hallgarten & Co. research report for Colonial Coal, please click HERE

 

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Disclosure

The writer holds stock in  Colonial Coal, bought in the market at the prevailing price on the day of purchase.

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