talbot in london talking to mittal...

According to the week end fin review. This might be the start of a final bid price for MCC. It will be interesting to see what price they pay for MCC [if it gets done]. Maybe north of $20. I think this might be another turning point for coking coal stocks since the PE's will be off the scale. Its all about supply if this goes through. I am also hoping that he might decide to top up his holding in riv..time will tell on that front. Xstrata is trying fro $350 coking coal contracts at the moment and that also should light up the remaining coal stocks. Fewer to buy. dyor and good luck.