were are the buyers ?, page-8

I'm in the Lance camp.
I don't believe they have or can find financing and that's the reason for the savage drop in price.

"Personal Reasons" means Wusaty was pushed, if he wasn't way not give the real reason. "Personal Reasons" is rubbish. I have seen this reason many many times and it always turns out they were sacked.

Buzzcut you say the incoming CEO has an incredible pedigree, I checked linkedin and don't see that. Gill Winckler is a chartered accountant and has held middle management positions, was VP of strategy and development of a "products division" of BHP in Canada.
She has never held the role of MD or CEO before and is certainly not of the caliber of Gene Wusaty.

Lets have a discussion about what the prospects are if the project doesn't receive finance.
Does it get mothballed, sold, taken over, or go bust.
Can the mine be scaled back in an attempt to cut the initial cost and perhaps be upgraded sometime in the future when the market for coal turns around.

A lot of questions and we need answers .... personally I have never seen a companies price collapse so far so fast without the company coming to a bad end.
I think we are in deep doggy doo but continue to hold in the hope that they can get this product back on track. Japan, China and India need this coal and I pray Coalspur and we shareholders still own Vista when the first train pulls out of Hinton station with the wagons full of coal.

Happy to be shouted down but please keep it rational.

Incidentally today is the day Coalspur is holding a presentation at Hinton ... I just wish we had someone there to ask the hard questions.