here comes the breakout, page-4

The second tranche of the Cap raising was finalised and settled on Friday. There has been absolutely no news flow over the last month, but I suspect that this will change now that the cap raising is finalised.

I bought a few more on Friday.

The $8m raising was significant. They now have accessed some of the $20m debt facility to finalise all agreements.

There will be operational coal mines in this quarter, and others coming into production in the 4th quarter.

I am very pleased to be buying at these prices and expect a pretty significant re rating in the short term.

DYOR.

Stoker