Hi all, those watching WLC. The management restructure is...

Hi all, those watching WLC.

The management restructure is completed.
The links with Jindal Steel closer than ever
The re-instatement to ASX not far away
88000 mt shipped out this last week
Approximately 200,000 available for mining, a lot of which is already being stockpiled on site
Shipping agreements with Noble Chartering ongoing at very competitive rates.
Several dozen laid off at current non-productive mine at Russell Vale (but ready to be re-instated - the labour hire company employing the guys were robbing WLC blind)
Longwall expansion - EPA agreement progressing well. Will be reemployed once long wall approval finalised.
WLC still projecting 2m t p/a/ from 2016

I believe these guys have done it very tough, with previous extremely poor management, but now have restructured, and even at current coal prices, its a no brainer.

Would estimate MC to be about 10x in 1 year.