It seems a shock at first, but they will have a better idea of how much money they will get from IM in the near term. My feel is that there would be very little in the near term as they would reinvest any revenue back into the company. If the money expedites the coal asset then it could be a good move. At least we have a direction now and somebody appearing to take control. You would hope they got at least $2m+ for IM.
PAK Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held
