Lots of headwind in front of this company to gain approval for...

Lots of headwind in front of this company to gain approval for an open cut mine. They also have to raise 30 million which means more dilution.
With the price of thermal coal in the toilet and an oversupplied market I can't see the Govt rushing to approve this, and that's without the greens getting involved, which they will big time. Risky project, if they don't get the approval it will be a total wipe out. It will be a all or nothing enterprise. Good trade for those that got in early and sold at the high.