Ann: Quarterly Activities & Cashflow Report, page-12

Still trying to wrap my head around this one.

With wash plant in the coal product should attract closer to API4 spot pricing... Ramping up production but looks to have multiple issues with production on the third contractor and getting counter sued currently...12 month trend around $85USD per ton... cost base should be sub $40?

Looks like this is owned by an Indian conglomerate mainly for cement plants but that is lower quality coal and the directors have businesses supplying coal so diversification will need to come in supply into other minerals/commodities and M&A... Eskom not suitable.

There is no supply... No liquidity... From my understanding > 2% free float outside top 20?!
40mil shares on issue need top 20's to sell on/off market to get any significant holding.