Kentucky Energy (fka QMIN)

[smaz1969]

So the mine is closed?



Contrary to the unqualified lies and speculation about Pond Creek mine being closed, inactive, out-of-commission, doa, etc...

The picture above is evidence to the contrary. It was taken by yours-truly at about 2PM local time on Monday, August 17th from the front porch of the mine office at Slater's Branch. My visit was unannounced and coal was flowing as I arrived. It was not a steady flow the whole time I was there (about 45 minutes). But it was producing enough that the front-end loader emerging from behind the pile on the right was busily clearing the area underneath the belt head as the coal flowed out of the mine and off of the belt head.

In the foreground is a recently acquired 14-9 miner that they have been reconditioning and were planning to take underground later this week. It will take the place of the 14-10 miner that is currently the primary production equipment. The 14-10 will become the backup and the current backup miner was being brought to the surface for eventual use in the Cedar Grove mine. No work has been done on the Cedar Grove mine since last fall. But the opening of the Cedar Grove mine is still in the plans although no timeframe was disclosed. I speculate that work on the Cedar Grove mine is on hold until the BK is positively settled.

This is NOT an attempt to pump QMIN stock. It is simply the results of some boots-to-the-street investigation that I took advantage of the opportunity to do while in the area to visit my in-laws. I currently own no QMIN shares and make no advice whatsoever as to whether anyone should buy, hold or sell. ‘Nuff said!