our board just sold the farm for $0. vote no!, page-13

There are plenty of explorers doing ok. Just check out EER asx which next door to cbq. Noble is funding exploration there. The 2 to 3 outlook for thermal coal is good; just look at the latest Woods Mackenzie reports. Cbq's problem is that there is a single shareholder with almost 50% and no money or enthusiasm to explore or develop this great resource. The best result for the long suffering shareholders would be for Banyton and any other director who wants out to sell to someone like Noble. In the meantime someone out their is determined to trash the share price, possibly in the hope submitting a even lower offer. I wonder if were any other unsolicited offers directors have received.