no for resolution 5, page-33

If I am not mistaken, the company has access to 15% of capital without shareholder approval. Why not tap that at a time like this??

Well, simply put increase the capital base first then access the 15%.

Now if Vanmag is imminent as implied well they'll have a tidy sum for Columbia.

... think outside the square

Btw Coal price is down US$85.50- http://www.bloomberg.com/quote/CLSPSARB:IND