Hi atlunch,good analysis mate. Yes I'm holding this one no...

Hi atlunch,

good analysis mate. Yes I'm holding this one no matter what sellers and buyers decide to do, but it's nice to see the buying when it comes.

I can easily calculate the intrinsic value (depends on the coal price). They have large reserves/resources and 3 very large customers have stakes of 20,20 and 10% respectively.

The only variable really is the coal price (apart from temporary risks like flooding, ports etc). I don't expect coal prices to get to last years peak for quite a while, but they don't have to. However if they do the instrinsic value here would make the aquisitions at $20/share last year by the players look very cheap!

All fossil fuel is very valuable - when the world recovery comes you could retire if you make the right moves now imo.
:)))