Ann: QLD Thermal Coal 6.6-18.7 Bt Exploration Tar, page-34

re: Ann: QLD Thermal Coal 6.6-18.7 Bt Explora... I have been a holder since pre consolidation but i sold out today for the following reasons:

1. Benefication plant still needs funds to be built.
2. The acquisition transaction of the the latest coal exploration projects has sucked up another $500,000 (thats my understanding at settlement.)
3. Further funds will be required to drill.

For me i believe there will be a CR in the coming weeks, so i will sit back and wait.

Potential is there but funds will be needed.
Good luck to all holders :)