half year results announcement. Presumably audited accounts.
so the following questions should be addressed:
1. what is the market value of the coal leases?
2. what are the net tangible assets ?
3. what debt reductions have been effected up to 31 december 2015 and subsequent?
4. what is the condition of the bank facility with respect to covenants?
5. what capital management plans are afoot: buy-back; capital raising?
6. indicative earnings guidance for FY 2016
I suggest that there are not a few fund managers and professional investors waiting with interest given that today there are precious few pure coal plays for insto investment on ASX: WHC and NHC.
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