National Coal Corp. (NCOC)

[RonnieD]

go to the website and see the July 2010
investor presentation. It's pretty clear on the mines.
http://www.nationalcoal.com/investors.php
their short-term debt is paid off.
the 42 million can be taken care of a number of ways,
it can be refinanced to a longer extension or they may sell some shares in a shelf offering, with only 8.5 million shares o/s.
They are also actively pursuing merger or selling the company.
Management took 10% pay cuts. I realize they got too big too soon, then had the bad luck or perhaps inadquate foresight to be in the situation where 2008 & 2009 were the worst years for coal in over 70 years, but they are worth much more than current market cap - and the outlook for 2010 and on is much more positive.