well now we know, page-16

Good whinge though.
Ive watched this stock for years too but unlike many others here i have sold it when it gets into the mid to high 5's cause as yet i dont trust the management as its still a bunch of cowboys.
They have proved nothing to the market yet and have still not shown when mining will 100% begin.
So till the first tonne of coal is produced i will take the profit when it presents itself and if they show they can build a great coal mine and turn a profit i will get on board in a bigger way.
Till then i join you in the whingeing.