Upside Surprise coming

Quite looking forward to the quarterly update next week....

Nearly break even financial accounts reported for the December quarter (see Half yearly)
- that was based on 133k in coal sales
Break-even financial accounts reported for the March-quarter (see March update)
- that was based on 127k in coal sales

This quarter....
Record sales of 155k
Very strong coal prices through-out
No expected increase in costs over this quarter

Sept-17 average coal sales price ~$55
Dec-17 average coal sales price ~$60
March-18 average coal sales price ~$78
June-18 average coal sales price.... TBD

Yes, "cash is tight", but:
- has improved with sales above 45k (April update)
- will improve with sales above 50k (May update)
- is expected to improve while sales remain around 50k (June update)

I'm not saying its a good stock... but its being valued like its going out of business. The default risk after this upcoming quarterly should hopefully reduce and the stock may re-rate (is my view)