re: Ann: Takeover of Sth Australian Coal Ltd/... share price doesnt warrant the unproven nature of the technology and market, or the long time to realising significant positive cashflow in my view. Note the very low level of economic certainty on the resources acquired - predominantly "inferred".
A pretty nice jump in the share price on the announcement but hasnt continued to run up, and vol is not that high. I don't own, but if I did would consider taking profits at $3.30.
Ann: Takeover of Sth Australian Coal Ltd/Cash Inj, page-8
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