Ann: Agreement to acquire QLD Thermal Coal Explo, page-10

re: Ann: Agreement to acquire QLD Thermal Co... There is an interesting research report by a UK broking house available on the Kangaroo Resources Limited (KRL) website.

It deals with KRL's Indonesian coal tenements and the recent acqusition of a large thermal project.

It is useful, for NSL holders, in its general discussion of current thermal coal trends, the likely future of the product, and what drives value in such acquisitions generally.

Given it is a very recent report (June this year) I assume the information in it is fairly up to date. I recommend it as a read.