YR,
Read the qauterly. You will be impressed. They are also getting the coal gasified somewhere in europe by these engineers so I suspect there will be an announcement of liquids obtained from the coal in the coming month or so (it says gasification test in the coming quater).
If they can announce offtake agreements and actual production of gas/liquids/by products it will add significant value.
Whether the market cares or not is another question but nonetheless it will add significant value to the company and the project.
I note that their activities report looks a lot more compelling than others in the sector so as Warren Buffet says "the best time to buy a company is when no one else is interested". Obviously he is refering to the fact that if value is there and the herd is ignoring it, it shouldn't sway your judgement and it should be taken as an opportunity rather than rushing with the herd when prices are getting inflated by the masses.
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