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Geo Energy on the cusp of a turnaround?
Rising Indonesian thermal coal prices could mean a bonanza for the loss-making miner
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Anita Gabriel
Published Tue, Jul 19, 2016 · 09:50 PM
Singapore
ONE can easily forgive investors of Indonesian coal miner Geo Energy Resources, particularly those who bought its pitch back in 2012 during its stock offering on the Singapore Exchange and have remained invested, if they now feel indifferent (at best) or even somewhat scornful.
At some S$150 million currently, the Indonesian coal miner's market value has halved since.
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