Couldn't say it better, Couldn't agree more 87 Crash. I am...

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Sky Cuddles

106 Posts.

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21/08/22

11:42

Post #: 63233064
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Originally posted by 87 Crash: ↑

Hmmm. I would be careful of you slanderous words. They are insulting to anyone.
If the BOD were in bed with Regal as you slanderously stated, then they would have cashed in the full $5M.

And you are completely wrong on the price of the loan. For any start up let alone a Coal firm to get finance is amazing. The price of the finance is about the same price as the Collins St CN.

If Collins Street did not have faith in the assets of the company then they would not have completed T2. And yes I spoke with CS before they signed off on T2.

Management made 3 mistakes.
1) Wording and Timing of review
2) Terms of Regal $5M package.
3) Allowing MG to sell before the Quarterly.

I placed my Spec Money on a turnaround, as the old saying.
"Make sure you invest in companies that have great assets than any fool can manage. because one day they will".

Go back and read the 2020 DFS on the assets at New Elk. I am convinced they can make this profitable in the fullness of time.
That is my punt. If I lose I will blame myself.

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Couldn't say it better, Couldn't agree more 87 Crash.

I am working out how and when the sp rebound will happen. I favour around the next quarterly though any coal price accretion as NH winter sets in (from our September) could be enough.

In other news I heard sadly that Russian troops may have control of a nuclear reactor in Ukraine. Two possibilities disturb me with the worst being a Chernobyl type meltdown to poison living conditions in Ukraine, but also disconnecting its electricity in the Ukraine winter.

AHQ Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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