In light of recent events i thought it timely to re-visit your comments from earlier this year.1) when is NAD sypposed to be at full production?
According to Alan, it has been at full production since the the decline was announced earlier this year, yet the quality of the coal in a few of the shipments was not as great as before so they are considering the idea of dissolving the contract to focus on better things.
He stated while NAD has generated a steady cash flow, they aren't too concerned about the current arrangement as there are much better projects to focus on that will return better cash flow. They may end up working out a new agreement to get cash from NAD without having to farm out like they are doing now. As for the possibility's he didn't speak about the finer details but said there are much better projects so I guess in the future we'll hear more details."
Tick.
PZC Price at posting:
15.5¢ Sentiment: LT Buy Disclosure: Held
