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MJAM2020

05/19/13 6:56 PM

#13601 RE: stedman #13598

or they could just take them down into the mine show them the coal..maybe fire a few pieces at them ..then load them onto the conveyor and send them up until they get an answer... :)

imho
mj

MasterBidder

05/19/13 7:01 PM

#13605 RE: stedman #13598

They already have the $65M, all they need is a $13M letter of credit, which is essentially an insurance policy for the lender backed by hard assets... shouldn't be a problem with this picture they've painted.

Cant see it being tough to get the letter of credit for $13M when someone else is willing to throw them $65M in liquid capital.

VHGI

MB