27 dollars a share - respectable bid for felix, page-26

the markets are not indicating a long term thermal price of US$100 / tonne

Look at the broker estimates. It ranges from US$65 - $80.

average is just above US$70.

And Felix will have attributable production of 16.5 - 17.0Mtpa. and nly commencing in a couple of years. Not 20Mtpa.

And of chunk of that production is going to be domestic thermal coal from Moolarben. Pricing of doesmtic thermal is A$35 - A$40/t. So far different to the US$70/t for export thermal.

I ask you one question Grebmoolb: If the Scheme Meeting gets voted down, what do you think will happen to the share price?

I will also answer this - clearly it will go down. It was automatically take away the takeover premium. So I suspect you are shorting Felix and just try to make a few $ that way.