The billion dollar question?????????I have just spent the best part of an hour looking with not much luck for a definitive answer to the only thing which may possibly derail the CMK golden goose.
There doesn't appear to be any doubt that CMK indeed has the coal reserves and that they are now producing/stockpiling clean coal and that they will be able to move the coal by highway trucks to the nearby railhead.
And CMK shouldn't have any troube selling their coal production as long as they price it right - perhaps a bit low to start with in order to capture some buyers away from their existing suppliers.
But, and this is the billion dollar question which I would like to have some definitive hard answer, where the heck is CMK going to be able to contract a seaborne loading facility anywhere on the western North American seaboard?
Everywhere I looked it seems that all of the coal loading capacity has now been fully contracted out already to the well established coal producers.
So without the ability to actually get their coal onto their customers boat this would be a HUGE negative for CMK wouldn't it? Sort of like being stuck at the airport on standby hoping to catch a flight out.
Perhaps this is why there remains considerable, aggressive insider selling by company managers/directors?
Anybody??????????