For me all continues to look solid, it's just that so much spec...

For me all continues to look solid, it's just that so much spec money has left the market...big money & volume wants certainty before committing...in the nearer term I don't even think the final Tabalong Forestry approval will do much for the price, we will need to see announcement of development costs & offtake agreements for Tabalong - or a deal on favourable terms with well respected and established development/JV partner for Tabalong and more Indo Coal.

The other big mover of course will be announcement of Joint Operations Agreement on favourable terms with Atlas for Mt Webber production.

Until these things are announced there is enough risk & lack of certainty on timing and size of returns to keep the money on the sidelines.

All over things aren't as favourable as they were 12 mths ago but i still strongly believe we're in a very solid position with this company.

In my opinion only.

Regards,

DYOR
GLTA