Ann: Significant Coal Intercept at Nuurstei Cokin, page-11

re: Ann: Significant Coal Intercept at Nuurst... Noble are major shareholders in both AKM and XAM

both AKM and XAM will follow the same transport route

difference between AKM and XAM is AKM own 100% of their coking coal and XAM only 40%

XAM's thermal coal is the lowest grade junk, thus the warranted collapse in its share price (until yesterdays announcement)