Ken Bates said they have been producingsince they opened in December. At times they had to wait for inspections for a few days. As Elefant said they are talking about the Blue seam portal, which they will be mining in September as I estimated in an earlier post. Remember 1700 feet of tunneling is a long way, plus venting and conveyors have to be in stalled, that is a mile and a quarter in English.
They are focusing on samples for customers now and then once we hit the seam in September we will be able to get the three sections producing and then we will see commitment from customers. So CMK should be in good shape by October, November and then we will see where production will really be at. From now till then I do not think we hear much, because no customers are going to sign on the dotted line till we get our production at levels they feel comfortable with.
If I was a suitor I think I would be taking a shot pretty soon, while everyone is in a bad mood, maybe August, as I said before. Remember we have over $100 Billion in coal in the ground, plus our other properties, so dont give your shares away, this is one of those start up companies that can make you very comfortable in your retirement, they dont come along that often and get to this state. Remember WTN went for $12 and they had twice as many shares and less coal in the ground. Keep accumulating over summer and fall and you will be very nicely rewarded very soon. JMHO