Ann: First Revenue from Coal Sales Approaching, page-23

Seems as though most people's patience is wearing thin here obviously. Of course it would have been nicer for targets to be met sooner but we do need to remember that we are living in some very turbulent times. This social and economic upheaval has had dramatic effects on all aspects of life including business operations and supply chains. This has definitely impacted mgt's ability to deliver on time lines. Mgt has been tasked with starting a mine and logistics network in one of the remotest areas in the world. We all have to appreciate that this is no easy venture. We all know that the high grade HCC and PCI is there and it's there as a massive multi-decade mineable resource. The good news is that the pieces of the puzzle are coming together as we can see in the recent announcements.
The hardest task for mgt is the initial establishment of the logistics chain and future proofing it. Mgt is doing just that.
Cokal can not control their customer's actions or inability to complete their end of the contract, as they are more than likely facing their own challenges with supply chain issues with regards to barges.
It's easy to sit at home and criticise mgt for failing to meet your expectations and timelines. Instead, how about thinking about how far we have come and use some foresight to see where this is going. When the next coal cycle hits, Cokal will be well positioned to take full advantage of it from the hard work they've put in now.
Today's share price is not reflective of where this will be in the future, so I am not perturbed by our current low market cap at all, but rather see this as a buying opportunity. I reckon that next week we will have the heralded first sales confirmed. What happens after this revelation for the critical holders? Still not interested in buying more shares but rather continue to throw more criticism at mgt? I've been buying in the 9's, along with a few other people I know. Whilst everyone else was panick selling we were buying. This will pay rewards within the next six months.
Good luck to all the genuine investors here who have kept the faith and understood the situation better than others.