What's happening with Jonesville Coal Project, page-3

First 3 Last

Share
Profile

Follow
buc

8,621 Posts.

11

28/09/16

17:50

Post #: 19485527
Share

Originally posted by slick239 ↑

Grasping at straws, buc?

From WUC's 8/15/16 MD&A:

"During the second quarter of 2016, the Company canceled certain of its coal mining leases in Alaska. As part of that cancellation Alaska notified the Company that during the third quarter of 2016, its reclamation deposit would be forfeited. During the three months
ended June 30, 2016, the Company accreted $174,412 to accrete its reclamation liability to its fair value."

A more pertinent question might be, why hasn't the CDPHE announced its determination regarding regulation of the ablation process? The expectation has been that the CDPHE would issue a statement 60 days after the public comment period ended on July 22.

In fact, WUC claimed in a SEC filing that "Within 60 days after that date (July 22, 2016), the CDPHE is required to make a ruling on the application." The problem is that WUC did not submit an application to operate the ablation technology, as the SEC filing asserts. WUC simply filed responses to technical questions from the CDPHE.

There is currently no definitive licensing requirement for ablation in Colorado statutes or regulations. The CDPHE is trying to determine whether ablation is even subject to its jurisdiction, and if so, does it fall under existing licensing rules, or should new rules be developed.

Expand

Perhaps I was grasping at straws slick239.

My point was the Jonesville coal project is an asset and if thermal coal can go to $100/tonne, it could have some resale value.

Last edited by buc: 28/09/16

BLR Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Clarity confidence – and share price – up on bumper $203M institutional placement

BOE

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

First 3 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

What's happening with Jonesville Coal Project, page-3

Top Stories

Clarity confidence – and share price – up on bumper $203M institutional placement

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

Featured News