I'm not being ironic at all.The way I see it, if these guys...

I'm not being ironic at all.

The way I see it, if these guys eventually want an exit strategy, it needs to be above 15c. That's 200% from where we are now. So if I buy more at these prices, I should be alright...that's of course if my investment horizon is as long as theirs!

I see the capital raising next year as a crucial milestone to gauge how good this management team is at managing the SP expectations.

However, at the moment I cant help feel that they don't want the SP to rise. They have been very vague in their announcements and then the important stuff like 'exploration underway' is hidden in a non-price sensitive announcement. Perhaps they are trying to get rid of weak hands for the eventually SP rise or perhaps they want to pick up more at these low prices. Perhaps they are allowing their friends to pick up cheap stock either on market or through a proposed capital raising. Either way, I'm going to stick around for a little bit longer and clean up as many at 5c as my bank account allows :) Remember, we are 20% below cash backing at these prices with 25M tonnes of quality semi-soft coking coal close to surface with another 50M conceptional tonnes in the first of our 8 licenses explored.