We need #1, would be great to see #5 (if it's the one I'm thinking of) but I'd really like to see #2 happen before hand. We're suffering at the moment from market perception.
We need to finish something we start. GPK was to be our first operating mine and after getting it started we've parked it again and called for offers. This might be the right move but we didn't get to the cash flow stage investors wanted to see.
Mamahak was given priority over other projects so that it could provide cash flow and was gotten into production on schedule. Through no fault of management though we're unableto get our coal out to market so again we're not moving product or generating cash flow.
I don't like the perception that we can't see things through and I fear it's something that's dogging us at the moment. TJ was announced as having a massive resource beyond expectation and the market yawned at us. We need to prove we can see the projects through to income producing status. And we could use the cash flow for running the company.
I'd like to see
1. Money in the bank from Coal sales to China and possibly new contracts
2. GPK sale preferably at close to broker valuation
And then after that
3. New aquisition.
In that order (or possible 2, 1, 3) we will get the most bang for buck from the market and our SP.
Illiquid
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