Ann: Operations Update, page-64

SGE are playing CKA like a fiddle at the moment, IMO!

Pre-sold does not mean there is any commitment from SGE to CKA, so what happens now if SGE just refuse to send barges?

Seems very bleak prospects for CKA if that does not happen - not sure there are any other barges/customers able to shift the coal, so it just sits in a stockpile waiting for us to run out of money, or space, or both.

Business up there is cut-throat unfortunately, you can just imagine the image of $ signs rolling in the eyes of SGE's directors, and a few other possible "mop us up" candidates. They just have to sit and wait, before opening a new bank account cause they will run out of room in the existing one.

Okay, that is my vent for the day. Hope it is miles off target.

Still hopeful.

GLTA

Cabe