positive view from a different perspective, page-16

That's mostly good summary I think gefi but the part about mgt getting caught up in the hype is a bit generous. They created the hype to raise money, and, with exception of JB, none of them got caught up in it enough to buy any stock. They said it had a npv of $800m or something, coal went up 30 odd percent and they still don't buy it at $100m. Their own hype about the stock price and lack of detail in their fob guidance inspired the faulty valuations on this forum. I think investors should be furious at management and demand explanations for continuing delays. Instead people seem to accuse investors of impatience and ignorance and blame manipulation even though the latest target seems to trade net flat every day. This whole thing has been exploitation of small investors all right but by management not by day traders.