Ann: CNX Mineral Resources Increases 30%, page-31

You have not explained why they would expand a line of credit. What was the point of the first line and paying 1% per year.

The only argument is that the free cash flow from new found resources is larger than cost of discovery plus costs of funds. The conundrum there is that the POG enters the equation. POG must be about AUD 1,000 higher than when they bought in. So whats the hold up? Why isn't the credit line expanding especially as the cost is only 1% p.a. I'd be getting as much as I could at that %.

My theme is, what is the hold up if they can't go now-ish as they have everything they need but it is perishable, or is there something else.?