unstoppable, page-3

The MD has apparently said Felix will be holding its 50 cent annual dividend are other coal companies doing this . Work is progressing on the Mooralbeen field which will produce coal from 2010 at a lower cost than many competitors and much production of which is contracted for sale for the next 25 years. The MD was predicting the fall in coal prices at least three months before the oct stock market crash and has prepared the company for it well. Are other companies in the same position. Felix has applied to open a new mine near Singleton and is investigating joint operations in India with a local company if such a suitable one can be found all in all the oppurtunity for organic growth is large. I suspect but do not know that the reason the directors allowed it to be known that they would sell at a right price and basically left the company on the market for some time was that the company had reached a stage of growth that the way ahead was to either sell the company or do large expansion.
If you are waiting for a takeover you must remeber that the directors control 80% of the shares