IN GENERAL AND IF the board and management of any company have...

IN GENERAL AND IF the board and management of any company have been deemed negligent, reckless and misleading in the way they have kept shareholders informed then there would be a claim against the company and the directors and officers insurance would pick up the tab- doesn't matter if the co has no money.

We need to be careful here as imagine getting sued by the company for a post on hot copper- what a way to rub salt into our wounds.

What i can say factually is that- last year when the co said it expected approvals by a certain date, i actually rang the AER and the official overlooking the process stated that there was no set date- it would take as long as it required. Much different than the story peddled by the company. Same with finance.... what is this "advanced" they keep talking about!!!!

we as shareholders need to keep options open... personally, i think the mine will be a fire sale..... 70M to EIG + whatever we owe HP.... nothing for the shareholders other than a shell... so, say sell at best for $140M- that is 22 cents a share.... how could we turn that down!!! HP would take a bath as i believe they got in at 70c... perhaps they are just looking at recovering their loan - who knows....

we need two miracles -
1. coal to start upticking towards 90$ by the end of the year (it is the up-trend that's important )
2. Someone actually make an offer on the asset (which could happen if the first miracle eventuates)...

over and out.... let's give it another 2 months then look at class action and the way the announcements have been made.