re: Ann: Letter to Shareholders: Acq. of Indo... Agreed it is a calculated punt, but there are still a large number of ifs and buts in the proposal.
While I am no coal expert, the location itself combined with the political issues makes for significant challenges. My play will be a small one, relative to my portfolio, and be watched closely.
The key inside players have skin in the game, which always makes me a little more comfortable as well as having a reasonable track record.
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Ann: Letter to Shareholders: Acq. of Indonesian C, page-22
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