27 dollars a share - respectable bid for felix, page-29

What will happen to Felix Resources stock price if the bid falls through? The question should also be: What will happen to Yanzhou's share price? - it has risen 28% since the bid - and the answer to that is looking very obvious.

Felix's stock price may well be held back as some counter bidders see FIRBS's terms as being too onerous. The general feeling is that the price may fall in the short term but may in fact rise, as another bidder could bide their time. More likely is the chance that others will take stakes in Moolarben.

Guessing coal prices going forward is quite risky as no one got it right in 2008 and chances are that Deloitte are as wrong as they were before.

On forward priced deals: A gold miner could go bust and render deals useless as can coal deals - I point to Sons of Gwalia as a case in point.
I believe Xstrata are going to court on certain reneged on deals.
Certainly some companies may take coal deals later if they are unable to take coal or are in temporary financial difficulty. Yarrabee are now still sending some coal which was for delivery earlier in the year.