news out columbian coal option, page-35

Thanks for that great post Bill. I suspect that the absa funding is tied to SA only projects, and more specifically Penumbra, and perhaps rolled into DeWitt. I dont have your finance/accounting expertise so much of the intricacies of debt structures are beyond me to explain in detail. Jason has alluded to the fact already that Conti are looking to secure offtake funding. Perhaps something like what Bathurst resources set up with Stemcor? As you are in NZ you may be familiar with the company.

I expect that the information you are after will be revealed shortly, esp on current production levels, owners, etc.

Please keep posting here, your insights and analysis are invaluable.

Cheers

M