coal stocks boom except cockatoo, page-14

rogerm - i dont fully agree with that .. look at the adani deal with LNC - they have never even mined one ton of coal.

I do believe COK is a takeover target at these prices because the market is currently effectively pricing the company at a little more than 50c a ton JORC .. which is pretty low for a coal company in Australia.

Once COK starts producing higher quantities, the takeover will become much more expensive.

RIO is a miner itself .. so the assets it purchases have to be significantly derisked because they'd probably want to produce and sell straight away .. but COK could be taken over by an end user like an energy company or a steel company .. which could be a strategic move by them to secure their future supply as well as input cost control.

my opinions only - DYOR