gmv what is your preference? raise capital and wait out the fall in the coal price or sell at a higher price now?
what price are we raising capital at? is there even capital around for coal projects? what dilution will there be?
there has been a lot of comments about getting this project into production but with what? hopes and dreams? reality is we either get the $hit diluted out of us or we do the deal at a far higher price than now.
#duped - look at the market look at the coal price then make a call... surely youre not blaming the company for this?
Sale price $64m market cap $23m?, page-27
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