Read a bit on Paul Jury when he took over the reins at CDS. Had developed the Newpac mine in NSW for Resource Pacific which was sold to Xstrata for $1.08 billion. The share price offered I think was $3.40 or close. I'd say given the model worked b4, he'd b keen to replicate it all over again.
Note that in Sth Africa there are only 3 players controlling the coal sector BHP, Xstrata & Anglo coal. Wouldn't b surprised in time CDS being approached by the heavies.
Hang in there for the long haul, considering 0.32c is a bargain price. The CDS story has just begun.
CDS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
