7.5c is the bottom!, page-31

Imo technically this one is insolvent. Massive dilution coming.

Many more coalers will suffer the same fate, a few in the US have recently gone bust, America West and Patriot.

$100mil is the issue, if they have to raise that amount then they would issuing at least 1.6bil based on a issue price of $0.06.

The Koreans will probably end up owning most of the company by default.

Meanwhile the idiotic QLD Gov't recently upped coal royalties, talk about ill timed and ill advised.