We must be prepared that finance may drag on all year. They have...

We must be prepared that finance may drag on all year. They have sufficient funds for now with their loan facility.

I do seek some comfort in the fact they have been silent and not buying on market as a sign they may be progressing deals.

Any delays have shown that Highland Park (HP) will not accept a low-ball offer.

Coalpsur is really HP with chairman,seats on the board and a holding of near 30%, they control our destiny.

HP are a successful group of investors with deep deep pockets. So they may see any OZ promotion as unnecessary and they definitely have no need to please anyone except extract max value for themselves(and us by default on this single ride!).

They are focused on building a mine, so they are working towards this and maybe to them, the share price is irrelevant for now.

As time goes by in 2012, we may see some contractor savings and official reduction in capex, binding rail agreement, scoping study for extension which may reveal just how big HP are trying to grow this.

The long term demand for thermal coal is being spruiked by coal companies, global energy departments and even gas/oil companies.

All just my thoughts and appreciate any feedback but I think we all know what HP has is valuable but their horizon may be a few years down the track, not worried too much about this quarter.

IMO
DYOR
LOL!!