Ann: Quarterly Activities Report, page-21

IMO, most if guys here are doing various judgments based on version 1 of $B2Y. However, this current version of $B2Y has something that absorb real coal investors like infrastructures and long LOM, which cause them to buy as much as shares they can even if financial Q is bleeding bad.

broker data shows that still Xcoal is loading up shares and it looks they wanna 40% of stake instead of current 30%. today tree shaking gives them another easy 3M shares.

in mine industry especially in Australia having infrastructures and mine permissions are very important to bleed capital for production purposes.