massive buying going on, page-7

they have been doing Due dilligence for quite a while, a bit of technical constraint out of South Africa is holding things up.

but just look at the basic numbers with reserves of 158.5 million tonnes and the potential of 1 billion plus of high quality export coal.

at a cost of 20c per tonne of coal, its just a matter of time before the deal is concluded, and once it is CME will undergo a significant re-rating.

remember the Whitbank Coal project is right in the heart of coal country in South Africa with significant existing infrastructure.

judging by the pick up in volume recently we won't be to far away from the announcement.

if you don't believe in the coal sector story read the article I posted earlier today, its mind boggling the potential in CME when they close this deal.