Not surprised re price May put small amount in to average down. Position size is everything. This should not be really more than 1% of a portfolio. There is some logic to the acquisition and they will do very well if coal prices are sustained beyond 2 years (allowing time to get to production). The blending seems to be a solution to a lot of the quality issues. Again wish they would focus on the current portfolio.
Ann: Acquires Short Creek Mine and Completes A$30 M Placement, page-3
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