I think investors, including myself are still very nervous re...

I think investors, including myself are still very nervous re the government decision to expropriate some of intras coal assets a few months back and now with the news they are looking for equity stakes in all other mining companies, it doesn't help things.

It looks like they are selling coal at well below market rates (around 50 per tonne by my calcs) so they'd do well to be exporting o/s as they note they are trying to do.

The problem is they need cash to expand but there is no way they'll be able to do a cap raising at these levels and with all the noise re the government.

Lots of positives though and with the new screen and crusher being installed production should continue to go up and hopefully improve cash flows and allow them to further expand production.

I'm hoping the worst is over for the company but I'm cautiously pessimistic still