re: Ann: Wealth Mining Pty Ltd Announces Offe... Ironically, it...

re: Ann: Wealth Mining Pty Ltd Announces Offe... Ironically, it still values the company at less than they spend on exploration. Well done to the new 11% holder. What is the chance their advisers have assisted in the management of the share price before the bid was lobed?

Plenty of upside still I'd suggest once the other parties see the initial bottom dwelling offer and the DFS # come out shortly.

Long term coking coal production can't continue to happen well below median margin cost of production. Something needs to give with iron ore currently being mined at massive margins whereas coking coal is the reverse. Getting involved with a potential near term producer at lower than average cost seems to have a lot of merit going into 2014.