They cleaned up balance sheet well. Now they delayed BK by 3 months ... which makes it latest in Q2 2014, probably earlier.
Their CFO is running out of rabbits ...
Looking how JRCC was able to delay BK (their loan buybacks last year, refi several month back, and now squeezing operations), I start to think that even with another 2-3 years of low met coal prices ACI will be able to pull those stunt and avoid BK.
When PCX filed for bankruptcy I felt that JRCC would be next. Now however, with coal appearing to have bottomed and the industry starting to pick up, I actually think JRCC stands a decent chance of avoiding bankruptcy.