coking coal assets, page-9

I would suspect;

Water use licence pulled
Chinese stepped away from the table
UNV hangover
Imminent dilution
Already valued about 1.5 times UNV

"A well-constructed public company that has fairly low general and administrative and holding costs is almost like a perpetual option—a 10-year or a 12-year option."

Been getting closer to the well constructed part over the last few years....a ways to go though.

Its the only coke company I have seen not perform over the last month.

What do you think ??