Sorry Hairy. You are perfectly right about option 5. Goog luck...

Sorry Hairy. You are perfectly right about option 5. Goog luck with the next move up. Can't be too far away IMHO.

Kiwi I think from your post the White Knight option describes you best.
By the way I like your posts as they are well researched and rich in factual info. Perhaps sometimes there is excessive negativity but it's your call.

The question here, is Conti's slide merely due to poor management or other factors or both? Many coal stock prices have been decimated and I don't need to show you the charts as you would have seen them. Even Big Bill's favourite CZA has gone from $4 to 20 cents. There are many others.

Time frames have been missed. Potential production has been grossly overstated ( 7 million ROM coal by 2013 ). Cash balance is dangerously low. Despite this, Conti is hanging in there with the recent cash injections from Vanmag and now VMR. Many here were predicting oblivion by now.

I am hopeful that VMR will stick around which will make a big difference.
I woulld support any move to show OKAP the door.
Coal production is clearly on the rise so Don knows what he is doing.
Spending needs to be reviewed.
World coal prices cannot be controlled .

Gefi