quality over quantity, page-53

Chook, Check out Universal Coal (AsxCode: UNV), up 13% - Universal Coal secures A$13.6m Private Placement.
Now that's the sort of news were are all hoping & expecting from ZYL. Since Anthracite is a more premium form of coal than thermal, this should in itself be speaking loudly to 3rd Parties that should be interested in providing funding for offtake etc.

There may be other exceptions in the Coal space, but in general you are right to say that the sector has been smashed.

Still Watching,
Pandelis