Dott, I have had read the half year reports and in particular...

Dott,

I have had read the half year reports and in particular the note from the auditor re: CA/CL situation and going convern problem.

However the only reason that the coy's CL exceeds their CA is because they the coy needs to records the current value of DFS Loan. but this loan is repaid via the delivery of coal.. not cash..

So the cash cost of this loan is really only the marginal cost of production of the coal. so the DFS Loan amount includes their 'profit margin' on the coal.

Does that make sense? i can think it a lot better than i can explain it.