Bazboy, you are too right the brokers are talking now. My broker mentioned this one to me a while ago and the rumour back then was 3 to 1 consolidation and Talbot was buying. Didnt buy it back then because dont like punting on a deal still to be done. There was even an article hinting that Ken Talbot was making a play for a coking coal project in Mozambique after selling out of RIV. Cant find the exact article, but this link may be quite useful, watch second last paragraph. http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1152367&msgid=6462077
Of course with the plane tragedy, things must be on hold for a while. Now the talk has initiated again. I will not say anything, but watch this space and think carefully what an exploration target of 4bt of premium quality coking coal (the goodie that attract pricing premium) would mean to a 10ml MC company
RTL Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
