Quite looking forward to the quarterly update next week.......

Quite looking forward to the quarterly update next week....

Nearly break even financial accounts reported for the December quarter (see Half yearly)
- that was based on 133k in coal sales
Break-even financial accounts reported for the March-quarter (see March update)
- that was based on 127k in coal sales

This quarter....
Record sales of 155k
Very strong coal prices through-out
No expected increase in costs over this quarter

Sept-17 average coal sales price ~$55
Dec-17 average coal sales price ~$60
March-18 average coal sales price ~$78
June-18 average coal sales price.... TBD

Yes, "cash is tight", but:
- has improved with sales above 45k (April update)
- will improve with sales above 50k (May update)
- is expected to improve while sales remain around 50k (June update)

I'm not saying its a good stock... but its being valued like its going out of business. The default risk after this upcoming quarterly should hopefully reduce and the stock may re-rate (is my view)