Topic: How To Invest

Pat: Do you have any good news on Grande Cache Coal? I bought 1,000 shares at $9.50 and held.

Article Excerpt

Grande Cache Coal Corp., $1.33, symbol GCE on Toronto (Shares outstanding: 96.1 million; Market cap: $127.8 million), is a Calgary-based coal-mining company. Grande Cache produces metallurgical coal, which it sells to steelmakers around the world. The company first sold shares to the public at $2.60 each, and began trading on Toronto in May 2004. Grande Cache holds coal leases that cover over 54,000 acres in the Smoky River coalfield, which is in the Grande Cache area of west-central Alberta. This part of the coalfield is served by a CN Rail line, which gives the company access to major shipping ports at Roberts Bank and Prince Rupert, both of which are on the British Columbia coast. To the east, the CN line connects Grande Cache to the Great Lakes at Thunder Bay, Ontario. Grande Cache has one surface, or open-pit, mine and one underground mine at the site. It has applied for approval to develop two more surface mines. The company holds four…