It appears that CES is about to pull off a coup, when many fail....

It appears that CES is about to pull off a coup, when many fail. CES is on the cusp of becoming a coal producer next month(sept) and is doing so on limited funds, having not enjoyed fruits of a capital raising but having a director put in $400t of his own money to float this untill production. Which not only is a huge show of confidence but also doesn't dilute S/H money and retains it's initial 82mil IPO placement.
Funded by Toba Jaya......All roading is in place,over burden removed for production commencement, land cleared for stock piling, heavy equipment on order and jetty being upgraded for more efficient barge loading. Which is expected to be completed about now(mid Aug)
First shipment is targeted for end Sept
So once heavy equipment has been delivered it should be all go for September production.
Ordered
5 x 30mt trucks
1 x 20t excavator
3 x 33t excavators
crusher, conveyer system, Weigh bridge instaled end Aug
The contractor, Toba Jaya is free carrying CES right through production, which means CES sit back and recieve royalties which amount to appx $3mil per annum on current production plan.
Negotiations for an off take agreement TBA

Not a bad return for this minnow.