Thinking about recent events.
We sit amid doubt, wondering why no updates.
Coking price at 2 year highs, why can't Cokal sell it?
Cokal has a premium product, again why no buyers?
Yes the resource is up river.
With the current infrastructure, if the water level is too high, supply is disrupted.
If the level is too low, again supply is halted.
Martino must be f$%ked off, as much as the rest of us.
Raise money through convertible note (big mistake) note holder pushes stock back down.
The Coal is high grade, Asian steel mills need the supply and yet we can't pull a trick.
He can see the potential opportunity that he has, but he's surrounded by c$$nts trying to f$%k him over.
Buyers of product, lenders can see the vulnerability the company is in and are all too willing to try and manipulate any deal with too much outcome in their favour.
Is it any wonder Martino has stated in the last quarterly, that the directors will again self fund this venture for another 12 months.
Is that the impression other's get?
Martino has 37 million reason's for this to succeed.
Maybe a takeover would be a better outcome.
Your comments always welcome.
Cheers Lute
