If they could not deliver IP&L coal on time why are they trying to get more contracts?
"The Company has no other contracts to sell coal at the present time however the Company is in discussions with a number of other potential coal customers here in the United States as well as other locations internationally"
This is why i see an equity play by a larger entity for a low price. either way for investors the company is at a critical stage for upward or downward share pricing..Id prefer upward. There is cash coming in on deliveries which will extend debt further out, however how far out is the question??..