AUL 0.00% 28.5¢ austar gold limited

indian govt lignite hunting in oz!, page-5

  1. 11,416 Posts.
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    Exactly hardman, there are plenty of techs around, but known coal deposits near existing rail and ports with excess capacity are where these buyers are looking.

    Have a read of this section I posted yesterday again:

    "Infrastructure bottlenecks, especially at ports in Queensland and neighboring New South Wales state, are also crimping interest in the near term.

    As a result, much of the action involving Asian buyers is taking place among junior companies with promising projects but lacking enough cash to see them through to production. Interest is also being shown in projects in relatively untapped coal basins outside of New South Wales and Queensland with the potential to ship through under-utilized ports."

    http://blogs.wsj.com/dealjournalaustralia/2012/04/16/aussie-coal-miner-seeks-261-million-cornerstone-investor/
 
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