Peabody is just a stones through away from Ch11 if Elliott choose. So Elliott are in a position to negotiate and secure the Australian assets. Now their new Elliot/Thiess vehicle are already mining contractors at several Peabody operation. Taking over the Peabody Australia business unit is not a big step. I see lots of upside here for CIM. Could be a spin off, or just a different business model for Thiess.
CIM Price at posting:
$26.74 Sentiment: Hold Disclosure: Held
