2 mil mt coal production by 2012, page-17

Psychologically I doubt any Board would think going to 1.5c is an attractive option. You are however right - when the share price heads north it'll shake a few people loose once they are sitting on profits.

But will it be the seed capital after 10c, or the IPO subscribers after 20c? How many of them are left? The top 20 is solid, because you have to declare your hand within 5 business days of trading, and we haven't seen any declarations.

So we're down to the 20% of shares free floating...and I know of at least 0.75M I can vouch for from my own close freinds in the very least. It doesn't take a lot of conjecture to realise the remaining shares could be held by a very few individuals.

If we look on this as a game of poker...everyone is holding their cards close to their chests. We need more cards.