all happening in the galilee - eer 2bt?, page-18

Here we go Indians buying assets overseas - you will see more of this in Australia once gvk get fed approval in my view.

JIndal buying CIC energy who have the same type of coal as EER - infrastructure solution is a lot worse than EER and of their 2.4bt coal only 30% is open cut - to me EER is a lot more valuable. JIndal is paying 5c p/t institu.

http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/steel/jspl-to-buy-canadas-cic-energy-for-115-million/articleshow/15090625.cms

And here's JSW scouting for coal assets

http://economictimes.indiatimes.com/news/news-by-industry/energy/power/jsw-energy-scouts-for-coal-mines-overseas/articleshow/15087725.cms

And reliance sitting on $12.7b cash

http://articles.economictimes.indiatimes.com/2012-07-20/news/32764398_1_ril-q1-first-quarter-net-profit