Rumors in West Perth is that the prime takeover company for this...

Rumors in West Perth is that the prime takeover company for this stock is a company that is already involved in the coking coal industry.

This company would either have existing, or interests in existing coal mines and would either ship the BTU blend to their home market, say India or China, before blending with their own lower quality stuff to use in their steel mills.

Or it would be an existing Australian operator who would take the high quality buller coal, ship it to one of their other operations in say, NSW, BLEND it, create a higher value-added product, THEN ship it to their target market for sale in India or China. This option is more likely.

I dont know what the big fuss is about 'blending' the only 'blend' I like is my coffee.

The cats outta the bag now fellas, you heard it first (well, kinda)

Foxtrot