quick calculation, page-4

If you're investing in companies because you have seen worse out there I'd say keep the money in the old sky rocket.
We have no mines currently running, nor will we. The company is in the UCG scene to generate electricity.
The tenements you talk about such as Wandoan are coal tenements that re up to be divested. One of which has a JORC resource of approx 350Mt of high quality coal.
The capital raise you are talking about in in the past announcements, I recall it has a potential value of 9million (not all to be issued as capital). There was to be $100,000 of stock bought per month for 6 months amongst other finance terms. Have a read.
Dig