posted on
Apr 27, 2011 04:52PM
Nothing has changed. We are going down on low volume and the short position is gone. We are on schedule with Ulaan Ovoo and will have an update in 2 weeks. I expect off takes in May.
When we have the permit in hand we will arrange a debt facility and pay off the debt at a much higher SP.
The coal didn't run away and the price of coal is going up, stockpiles are going down, and we have money in the bank.