talk to the company, page-24

Well done northroo. I think the info in the report says it clearly. Development costs funded, which is the concern most seem to be expressing here.

From late 2010 announcement

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Continental has completed A$61 million in funding, via a A$10 million Convertible Note a US$30 million oversubscribed Equity Placement to institutional investors in Europe and South East Asia and investors in Australia and a US$20 million coal loan facility from EDF Trading,
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Funding allows completion of the Mashala Resources acquisition and funds the development costs of the Company?s third export focused coal mine at the Penumbra Underground Project...