I think that we are all looking for reasons to hold this stock...

I think that we are all looking for reasons to hold this stock in hope that it recovers. Truth is NONE of us really know what will happen. My concern is they run out of money. I see in the AGM Notes they are asking to grant Options to Management, this is usually because they cant afford to pay them...
I do believe they have a significant Coal resource, but my concern is that market forces will be against them, and the project may lay dormant for a significant period of time. Worst case is the Coal is such low grade when washed that its not viable.
My thoughts are simple, the reasons I bought this stock 2 years ago are no longer there. Therefore, trapped into holding until they cease to exist and its a write off, or a miracle happens. I own 5 Mio shares and 1 mio worthless options...