timelines

We now have the money to get on with the job for the next leg up.

The immediate future lies in me getting some more shares at unbelievable prices when the trading halt is lifted.

During these trying times it is great that during a crappy bear market that we were able to get $12 million off the institutions and sophisticated investors money. Imagine if we couldn't get the money to drill the holes, acquire the properties etc. Then we would really be complaining.

Now Jury and mob have to put the money to good use.

With good results, and I'm not expecting any bad ones, after all it is coal we are talking about. Its not like trying to find elusive veins in a gold mine. With open pit coal I would imagine you either have it or don't have it. The drilling will hopefully should show that we have heaps more.

In the presentation they mentioned acquiring other coal properties. Is this the Tasmanian properties or other?

The management have great practical experience and know how to get a coal project happening so I am not expecting any surprises there.

We will need other placements in the future as $12 million will not get us there but it is a well worn path by other companies to get to the production phase.

Back to the Timelines and look at the potential announcements that may help this share rocket.

It is also a done deal and we have to move on. Well wait until I get more please.

In summary:

We do have a good practical management team
We do have the mullah to keep going for another year or so . It should be all uphill if the bear gives us a chance.
We have MBL onside.


Cheers Bungi2