How will we pay for the coal licences? I believe this answers that important question
Page 19.
"Under the terms of the Option Agreement consideration for the coal licences was set at $7.8 million plus VAT if applicable. The Company has been approached by a number of strategic investors recently with respect to investing in the Company. The Company is currently in discussion with a number of these groups and is confident that it will secure the relevant funding required to acquire the Mongolia coal licences."
It's certainly reassuring. I wonder who they're bringing on board?
Ann: Appendix 4E and 2011 Annual Report , page-2
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