What If the metcoal market does not pick up in both price and demand in the fall? What are managements contingency plans for this possibility? Relevant and pertinent questions to be asked at the AGM.
I posted here over a year ago that management opted/gambled to go after the Blue Seam in the hopes of producing 3.0 mty and a possible buyout, instead of the more conversative and proven path of exploiting the Allen mine by producing 500k and growing slowly thereafter. We are getting very close to the 11th hour for this company and I sincerely hope the bet is not lost.
Management needs to find a way to get thru this small period of great uncertainty to hopefully benefit from a possible market rebound.