Ann: Further US$35m debt reduction to the Euroclear Bond, page-21

David , totally agree that this company has been very lucky. They have been hit on the ar8e with the best coal price in history , right at the same time that they have to pay a debt that was bigger than there mkt cap. But isnt that the reason for you to jump on board? We all know that the coal price will moderate, but for every month above 300usd , it is worth 4 cents per share ( imo) . Half of that will be paid as a dividened . I have just done a rough back of envelope calc. One of the other guys may have done a more indepth calc somewhere in the posts.