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coal barons turn $1m into $500m in a year

  1. The Ace
    10,004 Posts.
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    22/02/11
    20:38
    Post #: 7935373
    http://afr.com/p/business/companies/coal_barons_turn_into_in_year_UOZxmx4seA95e2S1ycLBuN

    UBLISHED : 03 Dec 2010 12:10:07 | UPDATED: 03 Dec 2010 07:49:40 PUBLISHED: 03 Dec 2010 12:10:07 PRINT EDITION: 3 Dec 2010

    A group of Sydney businessmen who paid $1 million to explore a ?remnant? coal mining area 14 months ago has struck a deal to sell the company for $500 million ? yet another big, fast deal in the ?mining boom.

    This is amazing, I googled Richard Poole and got this. Before we get too excited it is for WEC.
    ADD Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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