Ann: Winchester South Coal Resources and Reserves, page-15

I took a big loss to sell all my holdings at the end. In a case it could loose all the capitals in near future.

Goldman has joined to MB, selling side, cut the price to $1.30 After yesterday's announcement. The commentary was quite reasonable. The reserve increased, but production would become much less than the old estimate. The project has delayed for 2 years more as money is tight.
The management has not made any commentary regarding the bad news for a few weeks, "For months, dozens of bulk carriers carrying Australian coal were stranded off the coast of two major Chinese ports unable to unload their cargoes.

It was estimated up to $700 million of coal had been caught out in the delays, which China attributed to "environmental" problems."

It is fair enough to assume it is true. sp may drop back to $1 if the Gov or management officially confirm the bad news is true. When I consider all these situations, I pushed the sell button. better to buy CDA, it is bullish chart without China gov's issues.