MattCatt, why so negative?
This is great news.
Coal sold, revenue 4 weeks away, not a year away.
production guidance modified but wisely so.
If sold domestically, FOB and payment is on Barge. Which barge is the question?
So that little pile of coal has revenue value of $5 to $7.5 million.
As someone said 150,000 t == AUD 75 million
All profit to Cokal due to 40% BBM holders having to pay back USD 40 million before seeing profit.
All in my opinion.
Ann: Production of Metallurgical Coal Commences at BBM, page-17
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