RE: RE: RE: NEWS is OUT(reply)...I agree, we need a real NR that clearly indicates their success or further delay in getting to the 2.75 run-rate by Q1-2012, and that they have signed customer contracts, and or will be hitting their third time revised 200K ton sales, after a year of production. Personally I understand start-up issues etc, I am even willing to give up the 200K tons in 2011 if they have good news on mining success go forward and can back it up 100% with contracts and production as stated....it's a long time coming for all.
What in the hell are people talking about on this board.....long wall this and long wall .....absolutely ridicoulous. This is something in the future people, way in the future believe me.......maybe.......we need to hit our original targets for 6-8 quarters first before you think about long wall......it's huge money and is something that could be discussed only if the original targets and infrastucture is supported and money is coming in the door.....unreal!
We need news that 6 x miners are working 24/7, we need to know they have a good run-rate per miner and that they are confident they can sustain this run-rate and the wash plant can keep up with them at the same rate.....The only way to assure everyone they have the run-rate they announce is to back it up with customer contracts, so we need this as well on the NR. They need to provide an update on last 2 x miners and if they will start in Q1 or pushed out to Q2. They need to update the pricing they will be getting for their run-rate of MET coal go forward, and what the average cost will be with the production up and running with 6 x miners and 10 x miners in Q1. They need to provide updates on their cash position to-date, so everyone understands how long they have to sustain cash while production adds more. They need to update the rail-load-out and if this is going to plan for completion by 2012 or not.
All of these things will give investors confidence in this company as no one will pay any premium again for this stock until they actually succeed this time. Why, because they announced production last year around the end of Dec but really it was only 1 x miner, not 10 x miners (10% of production, not really production at all) and that 1 x miner didn't do 300K a year as we all know either, so their credibility needs to be proven this time.
So instead of people trying to pump long wall this and long wall that.........maybe you should understand the company and this business a little better and hope we get......best case good news on the above.......hey it's only been a year coming and not a single ton of sales......FU#)#)#)#ME.....I agree with Shane.
One last thing Nadine is absolutely useless and never returns a call, and at the AGM this year I will get up and state it.