PullTheTrigger

Agreed that practice shooting is the easy part. Being in the right spot at the right time, not being detected, and controlling your adrenaline so you make a good shot is key. Kind of like investing in a way.

Just bagged my first deer of the archery season this past Wednesday. 68lbs of lean organic free range meat for the freezer. If this is the only deer I get (unlikely) it will come out to $0.88/lb. Plus three glorious hours spent in the beautiful fall foliage instead of sitting behind a desk mashing a keyboard. Archery is awesome and feels like meditation to me (grouping attached from last night's practice). Congrats on the deer. I've been out trying, but no luck yet. Agree that being outside in nature is the best time spent.

ILB Coal prices down, API2 down, exports down, Mississippi flooding screwing up transportation, natural gas prices falling, coal-fired plants continue to shut down, general hatred of coal, Trump admin not really helping... What am I missing? Oh yeah, Hillsboro option. I guess that's positive, assuming they can place extra tons in the next couple years. Lower utility coal stock piles might put a floor on falling coal prices in the U.S. Accipiter appears to no longer report because assets likely below $100M, so we don't know if they were selling. https://www.spglobal.com/platts/en/market-insights/latest-news/coal/061419-illinois-basin-coal-export-market-dead-with-no-demand-dropping-seaborne-market-sources

Could be affected by flooding. https://www.freightwaves.com/news/railroad/midwest-floods-stymie-rail-operations

Yes, no doubt - the high end home market in Illinois (beyond $500K) is in real trouble. Exactly what GFP said. The state tax burden is terrible and will only go up with our current government. People with money want out - I live in the Hinsdale area (near west suburbs) - you can't believe the number of homes on the market -and nothing is moving. I've lived here all my life and want out. House has been on the market for almost 4 years. I can only speak for the Chicago area. I live in western suburbs as well. Anecdotally, I agree with gfp and cubsfan. Most people I talk to say the real estate taxes are ridiculous. I constantly hear people talking about leaving the state to lesson the tax burden. Many parents I've talked to have commented, "as soon as my kids are out of school, I'm out of here." All anecdotes, but I hear very few people saying anything positive.

DDJ still had 646k shares in March. Perhaps they’ve accelerated selling since.

The selling has to be more than just DDJ given roughly 4 million shares traded since late Feb. Maybe Accipiter. We'll find out about Accipiter in May. Regardless, Picasso has an interesting point about the possibility of a buyout. It would seem to make financial sense from Murray's position if he could secure funding. What is Cline's perspective? Why would he sell now?

The date on their report says 2018 even though the link says 2019.

90% of all LP's need to agree on buyout price, right? So Cline and Accipiter definitely would need to agree. Or Cline and another 10% chunk.

Any thoughts about why ILB pricing is up? Perhaps a combination of low utility coal stock piles and higher exports last year. Will be interesting to see if it holds.

In 2018, FELP paid dividends of $0.2295 with a retained percentage of 25%. If there was no retained percentage, you could argue they could afford to pay out $.2295 per quarter or $0.91 annually. Moore said in response to a question on the conference call on May 8, 2018: So has his thinking changed? I don't know. I've sent three emails to investor relations with no response and left a voicemail with no response. Reducing debt previously seemed like priority number one, but maybe that's changed.

That was Accipiter’s position reported in February. We won’t know if it’s changed until May. It might not be Accipiter. Who knows.

How do you know it’s debt holders selling?

Maybe Accipiter is unloading. They previously reported 7,982,651 shares in February. They don't have to file form 4.

Outstanding MQD is $4.14.