Well if they moved faster (and I know the vendor was partly...

Well if they moved faster (and I know the vendor was partly responsible) the they could have raised money at a higher price. They should have stated in the purchase agreement with the vendor that settlement had to be completed within 1 month of option exercise. The 3-4 month lag has killed the SP and now we are stuck in a trading halt just as the markets kicked up. Ironic to say the least.

The management have managed the whole transaction poorly IMHO. Starting with the planned 5000m drilling due dilligence program which resulted in only 6 holes. Imaging 30 holes with half showing coal...now that would have raised money at a higher price!