I didn't ask anything about current sales from Mamahak which I think is our only currently producing mine. To be honest in light of what is coming up in June Mamahak is a fairly small part of the overall plan so it wasn't something I wanted to spend time talking about.
As I said in the original post the aim, from what I understand from the discussion about Pakar, is to secure a similar deal for Pakar as is in place for Mamahak whereby we sell coal at the mine gate to Bayan and allow them to handle the marketing and sales to end users at a significant per tonne margin over operating costs.
I don't think we'll hear much more about his until after the GM in June however I expect that after the vote has taken place and Bayan have taken control there will be a host of announcements regarding coal offtake, contracts and mining shcedules. Obviously none of this can happen until the deal is official.
On this subject, does anyone have any pressing questions about the deal, or the future of KRL ? I'm happy to act as a conduit to management for any queries that holders have regarding the companies future or direction as I was invited to call back with any further questions. That said I would encourage you to phone the company with any queries you have as this is a shareholders right. If you're feeling shy however I'm happy to take any quesries I think are worthwhile to the company if I don't know the answer myself.
Regards
KRL Price at posting:
14.5¢ Sentiment: None Disclosure: Held
