Thanks for sharing the info with us who did not get a chance to attend the AGM. May I ask if they showed their confidence in obtaining the required financing given they themselves claimed they are still in advanced discussions?
I believe the coal demands from China and other Asian countries still exist and will boost the coal price up in the long run. The release of positive Chinese manufacturing data will definitely help in this regard. Anyhow I hope the directors is being more attentive to shareholders' concerns and fears by showing their professionalism and aggressiveness to get the business up and running.
Agreed with you that HP (and even EIG) will not let Coalspur go dead as they would be the biggest losers if they really did. Only the small investors and short-sellers who keep dragging the SP down due to market sentiment and rumours.
IMHO - Please DYOR.
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