proposal to wind up the company, page-13

Only yourselves to blame.

It was obvious that it was to pick up the price for Gallagher. In that time the world has fallen apart.

But first of all gallagher said no due dillegence failed due to credit crisis. Just happened to get worse after srk's failed attempt to prop it up to meet the restrictions.

The real management is showing there lack of ability again.

This D&C crap that will sort it self out in a few weeks is dragging & dragging to the point no one no longer cares.

Take the 70M & put it on BHP or RIO.

Better chance of a return there in the next 6 months then holding it in the bank for the management to play golf & have lunch with.

What can get this coy going again?
1.Coal income at least 9 months away probably min 12months
due to credit crisis
2. Reserve updates - Useless as you can't get it out with out money.

At least 6-9 months of pain looking obvious. But i have done most of my dough on this now that there is no point selling. Always was a risk but company kept promisiing me things i thought would take it to the promised lands. Got suckered by greed. Ah well at least im not loosing as much as little T. Im sure he's happy LOL