new low!, page-11

All I can say is that what you expect to happen will probably not. The JV partners are there waiting to take over or gain control under their own terms, for COK and most of the juniors in fact such as BND and the like.
This is a good mine with good resource but no money/funding at the top of a coal glut.
If they and holders can ride it out it will come good as the ratio for demand reverses from its current position.

I know its economics 101 but when an industry finds itself in the position that coal is in now it just puts up the shutters and rides out the storm. No production, no exploration, no spend, no nothing which inevitably creates 1. a vacuum for the product and 2. cleans out the hangers on. (hope thats not COK) and away we go again. Coal is not a luxury item, the planet needs to generate energy and even as gas derivatives etc become "sexier" and "cleaner" the costs associated to generate become more apparent.
Coal will be back, maybe not to its glory days such as we have just seen this last decade but mark my tennis courts it will be back.