will noble take over east energy & what price?, page-4

I sold my stake in EER because I have doubts about the quality of the coal, the remoteness of the location, and the lack of apparent progress with increasing the resource and analysing the potential coal product. I was also concerned about the resignation of a director, "effective immediately".

I originally bought EER because I hold BWD, and thought that Noble Group wouldn't invest in it without a thorough due diligence. I now think Noble may have made a mistake.

There are so many other coal explorers with more viable projects that are progressing towards first production, eg. BND, EOC and others, yet have been smashed. For me it was an easy switch, but of course time will tell.