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Wednesday, 12/11/2019 10:45:12 PM

Wednesday, December 11, 2019 10:45:12 PM

Post# of 4151
I hope everyone is smart enough to read between the lines here. There has been many news items and details indicating Foresight will not declare bankruptcy the past month, but today’s news story basically sealed the deal. Roger Dennison of Foresight reaches out to the City of Springfield on Tuesday of this week, to bid on a 5 year project from 2020-2025, for approx 1.3 mil tons a year , which equates to around $200 mil in revs. They are bidding against Arch Coal, who has a very similar balance sheet to ours, but is valued over $1 billion to our $7 mil market cap. We beat their bid by $2.72 per ton, because we can, we are the lowest cost producer in the US!!! No company that is going bankrupt would be bidding for 5 year deals with government entities. That is the silver lining, that is the 100% confirmation to me. And when the non-bankruptcy, out of court, restructuring of debt becomes public, we will see the funds buying this up with an absolute hellish fury. The deadline is 12/31/2019. Take our share price and x59 to reach CEIX market cap and x187 to reach ARCH market cap. Those are our nearest competitors and we have very similar balance sheets. Our 52 wk high is $3.97. This type of run is going to occur here.

READ between the lines!

Cheers Longs!

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