hamish's next big test

Before I Guestimate Hamish's next steps I would Quote a slither of the Qtrly statement

"Ongoing negitiations with offtake partners and Project financiers"

I would point to the the fact that Bathurst have chosen to put this all in one line of the section headed Sept Qtrly activities. Offtake Partners and Project Financiers are not in seperate bullet points, They are not even seperated by a comma let alone a full stop. therefore are they one in the same.

Could we see an offtake partner partially finance the project for Guaranteed supply, a la Continental Coal. Why would they do this, is the volume there to support the idea. Probably not unless you think about it in terms of quality first and every thing else second. From the description given by Hamish of the quality of the coal on hand in his BRR interview of 01/07/2010 I believe it could be so.

In fact With Hamish's moves to date and by that I mean both what he has moved ahead and what he hasn't moved ahead; I would bet that he will extract more than just the traditional loan financing arrangement and seperate offtake agreement not that that would be a bad outcome either

Well Done for the qtr Bathurst. If you achieve to plan in Sept qtr we will all owe you a beer or two