Yes you'd think so. The lower AUD makes this an excellent LT proposition to either an Indian, Japanese or Chinese steel mill. Some of which are already on the register.
I have no doubt we'll start to see further M&A in the coal sector late this year into 2014 as everything has become valued as a distressed asset.
The trigger for CLR will be both macro and PCI/HCC prices stablising.
In the meantime Bluff news should be out soon. It would be great if the company starts to meet a few of its deadlines to show they are still confident and under control of their own destiny.
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