Many have banged on about risk.
As we are still not commissioned at 2mt is this not the most de risked development coal share on offer.
Coronado is dealing with wicet refinancing plus Stanwell reversion.
Makes Cokal a walk in the park.
Hold tight but happy to grab more in the low 3s to keep the weight average closer to the 2s. Do your best Von and others.
Ann: Term Sheet Signed for Development of BBM Coking Coal Project, page-193
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