Ann: Update on Coal Off-Take LOI and Coal Sales, page-94

IAA, magna and now Renjian

I think Cokal Management should just say enough is enough and raise capital on market however discounted that is.

Dont want to throw cold water on people's hope but to think the Japanese/Korean would be all motherly towards cokal is a mistake. This is business and everyone would want to squeeze the last dollar out of the upstart business. Cokal has no where to hide nor any solid footing to negotiate. Everyone knows that. When they had so much trouble getting the right price for the spot sale - this squeeze from Renjian is just the extension of that.

Raise capital, build PCI mine, get export licence and then negotiate on your own terms.

if anything else happens I would be out.

I'm done with the string along