Ann: Basin Coal Mine Project Update , page-8

preecsha - my exist strategy? will wait to see if its all been a cunning plan by management to let SP drift down so the April options [8,941,499] weren't exercised and CEC option agrement was renegotiated [2 x 7,407,408] + cash payment [C$3.1mil] - would have been fair dilution to current 63mil on issue. given i've seen no 'ceasing to be a significant holder' notices since the big drop, i assume the old top 20 still hold. management will then release a statement upgrading the resource and the BFS will be declared a goer afterall! other than that, exist strategy is to wait for JAL to delist then chuck the capital loss on the pile.