We finished the day in green, page-236

The more I dig into this the more surprised I am that people think the share price is dropping with "no negative news at all". From the company's SEC form from 9/5:

"Additionally, there is significant uncertainty in relation to the ongoing availability of the ABL Facility which is dependent on the Company’s ability to obtain further waivers or deferment for the financial covenants test periods beyond May 31, 2025, and the maintenance of the Cash Balance Covenant, or the Company’s ability to amend or replace the ABL Facility on favorable terms or at all.The Company’s cash flow projections, risks to available liquidity, the continued uncertainty surrounding global coal market fundamentals, including the impact of tariffs on the Company’s export coal trade and global supply chains, and recent credit rating downgrades raise substantial doubt about whether the Company will be able to meet its obligations as they become due within one year after the date of this Quarterly Report on Form 10-Q.

The Company continues to pursue a number of initiatives including, among other things, further operating and capital cost control measures, potential other funding measures, including refinancing, restructuring or amending terms of our ABL Facility with existing lenders or third parties, prepayments for future coal sales, temporary idling of certain mining leases, and negotiated alternative payment terms with creditors.As of the date of these Condensed Consolidated Financial Statements, the Company has agreed non-binding term sheets with independent third-party lenders, pursuant to which these parties may provide an asset-based lending facility, or an alternative facility, with a borrowing base of up to $150.0 million.While management has developed plans intended to address the conditions described above that raised substantial doubt about the Company’s ability to continue as a going concern, including pursuing the potential alternative asset-based lending facilities, the satisfaction of certain conditions are outside the Company’s control and as such management are not able to conclude that the successful completion of such plans is probable at this time. However, management continues to actively pursue these initiatives and remains confident in its efforts to secure additional sufficient liquidity and strengthen the Company’s financial position.Accordingly, management has concluded that substantial doubt exists regarding the Company’s ability to continue as a going concern within one year after the date of these Condensed Consolidated Financial Statements."

They spell out the risks pretty clearly. If they secure the $150 million ABL then they'll no doubt immediately jump above 20c and with survival they should make it back to the $1 range in a couple of years. With no news they'll probably drift toward 5c and worst case could go into a trading halt and voluntary administration. At 11c the risk:reward looks pretty enticing!