WHAT IF..a smart coal company came along to do a deal with Cougar,to purchase a large block of options at a discount from Len..which they convert,that would give them an extremely cheap entry level at scale.
They would be able to utilize a 'VERY LARGE' deep coal resource,which is not on their current agenda..[in a JV]?
Also take a large slice of all that expertise in one well timed pass..both parties would benefit immensely by a move such as this.
This would solve the problem of direct invest owning upwards of 20% of the shares.
Queensland is where the action will be for some time to come.
Guess which company?
CXY Price at posting:
6.7¢ Sentiment: None Disclosure: Held