CLR carabella resources limited

'Bluff is a very tiny resource and the majors are still trying...

  1. 496 Posts.
    'Bluff is a very tiny resource and the majors are still trying to divest large coal resources of their own onto the market'

    Majors are trying to divest non-profitable Thermal assets. (Wilkie Creek, Wondoan are two good examples)But they will have zero effect on the marketability of Metallurgical coal projects with a descent strip ratio. Bluff might be small, but it is a great starting point and catalyst for a takeover.

    However your comment is relevant to the likes of BND and MTE with Thermal projects.

    So CLR and COK are prime targets.
 
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