it’s not 80-100 a quarter. They only need another 100 for capex to end of year. March qtr was terrible but better than previous qtrs in terms of FCF (not inc capex). It was -$37m. There will be more coal from Mammoth this quarter. I believe they opened up the 3rd entrance so it’s ramping up. What about the worst mining conditions in the last qtr? It affected Curragh terribly even with the draglines. Over 300m rainfall at Blackwater. Disastrous flooding in a century at Buchanan. Sure I’m making excuses but they are $10’s of millions of excuses worth which makes a just a little bit of a difference. Do you agree? They will refinance. Buddy no need to go the man. This is what I know and what I believe. Take it or leave it. How many funds/instos have sold at say 70% of face value? For all we know which we do not is that someone is shorting it for some motive that not even you can work out.
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