share placement of 100 mil @ $6.85 so clearly it will head there. Unlikely to buy any CEY mines and basically covering debts and looks like more debts may emerge.
Directors selling because "it is as good a time as any" indicates to me that upside is over, if the thermal price drops it could get grim. Here is link:
http://www.smh.com.au/news/business/excel-raises-100m-to-help-fund-new-mine/2006/02/26/1140888748275.html
going down......., page-2
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