Hi Cyclops,You are right he has held fron the XEN days. The link...

Hi Cyclops,

You are right he has held fron the XEN days. The link below is from the Age back in Jan 2009. I would say he would have a large chunk at 3 cents.

Happy for anyone to cash in and make some cash, but is there the urgency to smash the price down so far when the market is a flimsy as it is and the deal re funding has yet to be approved.

http://www.theage.com.au/business/canadian-rules-make-coal-a-cheap-export-asset-20090115-7i0r.html

Maybe something out of left field from the board would see a rebound. A smaller mine in the first years and less capital expenditure would mean we would be fully funded.
Any one hearing anything????

Metro.