ATU 0.00% 0.5¢ atrum coal limited

Because we aren't producing coal. I suggested we hadn't sold...

  1. 85 Posts.
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    Because we aren't producing coal. I suggested we hadn't sold anything, which was rebuked with JV.
    But we are not selling tonnes, we don't extract anything out of ground.
    The japanese consortium were given a green light to drill and got it done quickly. We were given bulk sample permit and have not progressed in this area.
    Cash on hand...approximately $750k.
    Expected expenses net quarter... Approximately $700k.
    I am a long term holder of this stock. It has a good story but we hear it all the time.
    We are trying to bridge a hard financial time by utilising another groups production.
    Regardless of coal price, which has only recently recovered, and could quickly retract, we are a long way from producing coal at our"world class asset".
    I would like an update on 'our' project and cash flow strategy....
 
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