Hotfire,Also the bigger the loss the bigger the promotion.......

Hotfire,

Also the bigger the loss the bigger the promotion.... The more value you destroy at your current company the more you get paid at your next gig...

I think management have jumped the gun on a lot of appointments and their promises in presentations (especially early on) showed a distinct lack of experience in a company like cpl -- perhaps too long working in a sheltered environment where you pay a team of consultants to work out the annual cost of tea and coffee in the Lunch room.... Also, initially management believed they only had 1 boss - highand park.... No work was done filming the shareholder base or bringing in key investors...

In all honesty I think the company needed a hardened managing director who is able to get things running on a shoe string budget... At the time when the share price was 1.50+ money was a flowing, coal price was high and we were all living in la la land - no one envisaged 20cents....

Our monthly burn is way too high- seriously all we need to get this into production is a project manager, hardened MD and an investment relations guru/spruker... We ran the company like an asx 200 when we should have been running as a junior heading towards production...

A while ago I posted that there were 9 articles out of 10 that were negative on coal... Now run a search on coal and 7 out of 10 are all positive,,,, it still hasn't turned though - I don't understand...

Is there an experienced coal trader that can shed some light?

If there is going to be a takeover bid - it will only come when balance of funding is secured and before construction starts... I am hearing more and more comments that funding is sorted through coal prepayments. Whist not a great deal not too bad given where we are.

One thing is for sure the board are backing Gill and the team 100%...

Over and out !!!!