Ann: Executes Coal Off-Take Contract with Marco, page-2

As expected the Financing is not complete prior to Sept quarter end. Which means we still do not have the money to execute the plan.
I hope the take off agreement can be reviewed if the debt financing does not occur. Then again the price for the Coal is enough to get the company out of the crap as well can profit from spot prices when they are higher. Remembering US Coal is always much cheaper than Australian export coal.