Al, you could be right and I did not have a prior knowledge of the transaction not going through, I refereed to numbers presented by AFR regarding recent transaction in the area and There were many. from this presentation there were obviously more than one bid for that particular resource.
But this is not all, there are 10 other transactions mentioned, and I will be surprised if all fell through, Riversdal sale for $800M sale at EV $0.22/Ton, DMC sale for $334M sale at $0.36/ton, and sasol sale for $277M at $0.33/Ton and the list goes on.
And none of these resources is as big as NMR, most of them don't even come close.
for anyone who is interested, go to CIC website and check the quality of their coal as it is presented in details.
http://cicenergycorp.com/
Cheers
NMR Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)