RE: RE: Dundee Report...(Reply3) The best OPTION, at this moment in time; is that SOMEBODY (major customer of our coal) signs a MAJOR multi-year OFFTAKE agreement because they have HIGH FAITH in new MAJOR mining plan. With a SIGNED offtake agreement, we can get CUSTOMER downpayment plus ACCESS to CAPITAL.
I completely disagree. When you're trying to sell something and no one is buying, your ONLY option is to reduce the price. You can sell anything at the right price. There are no other options. Even then, a cash injection of $5-7 mil. will not stay the inevitable if the macro picture does not brighten. They have tried to negotiate offtake agreements with a number of customers already. This was stated at the AGM. Financing is th eonly option at this point to live long enough for a better macro environment.