Yes Spreads, that's why people are selling, but with coal prices...

Yes Spreads, that's why people are selling, but with coal prices at multi-year highs and a JV agreed with ACG, what do you think management has been doing in recent weeks? I'll put it out there that they've been negotiating off-take with buyers.

It was impossible to sell any coal up until now because the company had no coal to sell! Now they have a minimum of 250,000 tonnes available and I'm sure they are busting their balls trying to lock in a good deal on that tonnage - they've told us as much with recent disclosures.