@pastperformer There are only 3 reasons why Stanwell is engaging I expect 1. They don't want CRN to go bust and default on delivery of the coal at what is a way too low price 2. Its possible that in fact CRN may remain solvent given the backing announcement the other day and then Stanwell would have to buy at market price once existing contract xpires. 3. They recognise that now is the time to strike and get a better deal for their coal once the existing contract has expired.
Either way - they actually hold a fair bit of power - not CRN.
CRN Price at posting:
17.5¢ Sentiment: None Disclosure: Held
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