What is going on with the cornerstone coal sales agreement now that we are in 2019 and still no commercial production and first shipment? The deadline was 31 December. Why is the company quiet about this, isn't it a hugely material issue to be disclosed?
From the equity raise presentation in 2018:
Paringa has a cornerstone coal sales contract with LG&E and KU, one of the biggest fuel buyers within the Ohio River, to sell 4,750,000 tons of its 11,200 btu/lb product from 2018 to 2022.
The LG&E and KU agreement is conditional upon Paringa achieving commercial production and first shipment by December 31, 2018, which the Company remains on track to do.
Coal Sales agreement deadline lapsed
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
