W-8BEN form, page-31

lol more deflective defensive. This discussion started with my response on 8th , to your note. I have been responding to your poor logic ever since.You have ignored the specific discussion and focused on generalisations. Below is excerpt from my initial response to your note . My focus has been YOUR logic. You turned around to make me out as a "moaning" shareholder continually putting management down.


"do not understand your logic.
first you state , keeping CASH makes no sense with current interest rate. valid point , however , I would rather have idle cash vs debt or bad investment.
second , you state no-one has cash at the bottom of a cycle when investments are cheap.....Well you would have cash for bottom of cycle if you did not buy investments at top.

If CRN approaches another bottom of cycle , with no cash and plenty of debt and a repeat of lower coal prices due to sluggish demand ...well someone will take CRN cheap.In times of HAY , SAVE and play down debt , reward shareholders and with surplus buy back shares. CRN is still cheap given current coal prices.CRN should buy CRN vs anything else. Strenghthen the balance sheet , make it a powerhouse for next downturn.."

Clearly , you appear not interested in truth.. may as well have a humanitarian discussion with Putin.Not responding to your weak logic anymore. thanks and good luck