dott, my comments are more a macro related directional call....

dott, my comments are more a macro related directional call. Indeed, the markets may start appreciate that the EU will muddle its way through and where just starting to see signs of them providing the necessary formal support. Add to this the Fed's operational twist and you'd hope this could provide some type of ST relief. However, at a micro company specific level you may like to consider:

"It is anticipated that a further update for JORC Resource at Rockwood will be available during the June/July 2012 period"

Source: http://www.endocoal.com.au/uploads/res/68edc3d9-ba76-4d19-988a-24ae59658d94_010312%20JORC%20Update.pdf

And

"Current exploration focused on expanding the resource area and upgrading resources; and Next exploration target set at 400-900Mt of JORC Resource."

Source: http://www.endocoal.com.au/uploads/res/70f463f2-e002-41ad-a8d2-7584e6b80403_EOC-Macquarie%20Australia%20Conference%20(May%202012).pdf