director bought on market, page-23

Cheers deli,

I know to think that a major holder was willing to increase their stake by 35% for $330m just last month! The current market cap for 100% is about $200m... Go figure?

50% of Isaacs Plain got sold of for $430m, Barallaba is of similar quality and quantity (the Isaacs coal is currently selling at ~$160/t and being produced at ~$110/t and is a 2.5mtpa operation)... You'd think 67.5 to 90% of Barallaba would fetch a similar sale value on its own.

And CWK has a $170m price tag on it... and is multitudes inferior to COK's assets... but no, miss market tells us we're of similar value... miss market is obviously blonde.

I've got no idea what went on with the SK networks deal, other than hearing that "the word came from up top to cancel it" Korean government? POSCO? SK holdings group?

A translation from the SK Networks AGM held a couple weeks after the deal was announced:
"SK networks (CEO Chang-kyu Lee) recently experienced outstanding growth by jointly pursuing to acquire the managerial rights of a coal developer in Australia, an advanced resources development country."