Just because I omitted to mention the current market price of the coal haulage business doesn't mean I'm oblivious to world demand. BBI are having issues in North QLD I believe.
Once steel demand rises again coal will follow. So perhaps when stocks like SGM start moving north we can hope for larger coal demand.
But I see your point, capital raising looks more and more likely. They need cash... And it would explain the share price fall.
AIO Price at posting:
54.4¢ Sentiment: Buy Disclosure: Held