I think they are earning modest losses from all their coal...

I think they are earning modest losses from all their coal businesses, not modest profits. This certainly won't tempt the FA crowd.

There is no cash flow yet from AGL farm in to 529p, as they are still de-watering.

Can any gas dudes/dudettes tell me how ECU will derive income from their deal with AGL? Will they simply split the net cash from from the sale of the gas once it flows and is sold? Is that how these things work?

Can anyone then say how much gas (and therefore cash) will flow and when?

Could be time to start accumulating before this comes on-line.