RE: CC Prices Seen REBOUNDING... Thanks Eigen337.....these are the kind of posts that are informative and why I signed up for SH. I believe coal prices will increase quarterly for the next 3-4 quarters straight and just in-time for CMK mines coming on stream for the back half.....
Agree with Ark88 here we need to see cash balances, as well updates on second draw down and what the funds are going to be sent on etc....The key here is to bring everything on--stream without another offering....IMO. Of which IMO that won't happen as I believe costs are going to be a key focus for management....last cash balance was 53 million and just started the draw on the first $25M, still holding 53 million on-hand. I believe the first draw maybe used but current on-hand cash is still quite high....if so and another open $25M to use we would have approx. $75M going from May to June...half way and lots of cash to support sales contracts initiating in the third quarter.