Nick,
Are you suggesting that JEF can change the weather and induce additional permeability in the coal seams??????
He can't, and fundamentally that is what all CSG juniors have relied upon to make them successful.
Because I honestly don't blame current management for our woes. I think they are still delivering and executing well enough.
JEF will be an important addition when as we move to commercialise 814 and other assets.
I agree that the terms are too generous. JEF should be bringing his own capital to the table to make the deal even remotely fair to holders. At the moment it is money for jam!
SF
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