What IF they start a small scale operation to build cash flow up - that shouldn't need too much capital injection, especially IF they have proven up a larger resource off the new properties? (I know that these may be used for a process plant and mine waste BUT coal is still coal)
What IF the coal price recovers bringing back coal SP's with it? (What IF it doesn't?)
The end of the year is a long way off and as I have been in this stock since nov 07 (4.5c) I may as well wait to see what is going to pan out for 09. "Fortunately" for me my average buy in is only $1.00 and I would like to see those levels returned sometime soon.
IF they could then the US$50M of equity funds becomes only around 60-70M shares totaling around 150M all up.
Alot of ifs - but then this company has alot of potential. for my 2c I think 30c is just a stupid price given all the steps forward they have made from when this deal was first announced at around 4c
What IF they start a small scale operation to build cash flow up...
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