Ann: Results of Meeting, page-49

Well, if you followed the micro's/juniors more closely, particularly the ones that do well, you'd notice how they report/update on activities and exploration in comparison to NAE.

Plenty of Coking Coal stocks are doing just fine imo. Maybe it's more the fact that investors know that whilst NAE has the coal asset, the coal will remain in the ground for a very, very long time. Most likely forever. Hence, it is effectively being valued as worthless. Ongoing talks of progression and alternate options at Lochinvar, have amounted to not much more than that, just talks. So they decide they will drill somewhere else to see if they can find some coal closer to surface to make it more attractive to a JV partner or potential buyer and to also make it look like they are doing something to earn their wage imo.

Harder to keep the market amused with all the other hype around, so for directors to do what their primary objective is (create wealth for shareholders) well, they need to be a little more adaptive, creative, energetic, enthusiastic, inspiring etc. Use your imagination Subs, there are plenty of examples out there for you to compare and inspire.

A lot of the above we are not getting, Subs. I know expectations are high among explorers and being conservative is not a bad thing, BUT, there is conservative, and then there is conservative imo.