Per speculation as to the coal price hotdat and co. I just spoke...

Per speculation as to the coal price hotdat and co.

I just spoke to Dr Coats this afternoon and he confirmed as per the June 2014 update, that they are still expecting first sales before the end of 2014. Furthermore I asked if there was a break even cost. He replied yes but can not divulge for obvious reasons. He did say that Avexa would not have gone into this venture unless they were sure of its ability the create funds for the ATC trial (and other things). He also suggested that the mine will still be profitable at lower metallurgical coal prices.

All in all, it sounds good. Not long now and I got to top up yesterday
Here is something for all to ponder
March 2007 200 million shares - share price 72c
Oct 2007 424.5 million shares - share price 62c with no product on the market
Sept 2014 925.5 million shares
an obvious dilution but 2015 with ATC potentially in the market owned wholly by Avexa.???

Let's all hope for a good xmas present