Ann: Quarterly Activities Report-PZC.AX, page-21

A sale of the assets would be great, but it would be a concern if they bought the NEC assets.
Correct me if Im wrong, but aren't the NEC assets Linc's old coal assets. When linc went into receivership in 2015 NEC bought the Teresa, Pentland, Dalby and Blair Athol project for USD 5M and promised US 1/T of coal to Linc for production then PZC did an agreement to buy all coal assets except Blair Athol for 10Billion PZC shares. That would leave 10.5Billion shares on issue (before raising $15M). At a share price of 1c that is a $105M market cap. Are the coal assets worth more than $105M?

It is good to see the funds are starting to come in related to the convertible bond (guessing $580K up to 31/12/16) but why are they considered a loan fund and not part of the bond yet (which converts to shares at 0.07c)?

Any comments would be appreciated because Id be happy to buy to punt on this without the NEC purchase.