Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

Well the company has A$75M in loans, coal prices are at historical highs and unfortunately the company has been unable to deliver sufficient enough ROM production to be profitable... If they cannot turn the ship around and in the current environment rapidly deleverage it leaves the market wondering.... will they ever...

Unfortunately AHQ has been the worst performing ASX coal miner, and that's because they have had the worst operational performance.