Ann: Quarterly Activities Report, page-48

Hi Max, I remember the speech and still think the quotes are relevant. The company he mentioned that sold off its parts was Kaiser steel from memory and it was making money.
Granted Coronado own assets above their current market cap but... if they can’t make a profit at the current coking coal price (and the price doesn’t improve in the next 6 months) and they have large fixed costs they can’t get away from by cutting costs/production (contracts with large contracting companies for overburden and mining at Curragh, take or pay rail and port contracts) it’s fair to think that they will have to find some funds to ride out this period which could mean a capital raising dropping the share price further and diluting current holders.