OK enough griping. We all know the market state. Onto business.
At the completion of these 98 so holes in 4-8 months. Results in and approved, what likelyhood do you think they may go down. 1) Immediately put into place getting the coal from the ground and start the money train rolling? or 2) More cap raising to fund more exploration. the way I see it is that with infrastructure available already and contract signed with desperate buyer, that it would probably make sense to start into production and start getting cash in to fund further exploration. Any coal buffs out there might have some idea as to costs or time frames for going down that path and if it is feasible would be appreciated. The way I see it is with 500 million shares on offer that cap raising through issuing of more shares wouldnt be ideal? Dont think it would be detrimental but personally I would like the issue of shares to be used as last resort.
CDS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
