Cona,
LNC have a firm offer on the table for Teressa $500 M plus.
Sources from LNC have maintained that the deal will be done in the new financial year as it was not tax effective to be done prior to 30th of june 2011.
Post Fukushima the demand for coal has not been higher.
If LNC fail to announce the Teresa Coal sale after the 26th of July the share price in this company will Tank and tank hard.
