Mt Arthur coal mine - We'll buy it, page-3

They are obviously building funds for something.
- They already had cash in the bank.
- They paid out a 7c dividend, ($58m) which is less than 1 months profit at current prices, when you'd be expecting it to be about 30c, (around 80% of 6 months).
- They recently raised 200million.

They've stated they are looking. Have been linked to mt arthur, but in a recent interview said they wouldn't buy it unless its for the right price. And have mentioned that they've been looking at copper assets.

I suspect, NHC are simply 'negotiating' via the press to put pressure on BHP, while waiting for BHP to receive mine-extension approvals, as they've previously stated they only want something with a long mining life. (From memory, Mt Arthur runs out in 2027? - while an extension takes it out to 2040+). Else they really are looking at other resources.

I also feel that BHP are stalling while the coal spot price is so high. Might as well have one final bite of the cherry.