comparison with mcc, page-4

Also NHC now has over 94% interest in NEC, indicates that Xingang Resources sold out it's nearly 13% interest. Though they made a good profit, but I think wasn't happy that it had to sell out or happy being a minority holder in NEC.

Question is now what would Xingang do with their surplus cash and profits?

Also the MCC deal is going to be done by SOA. So there is increased pressure for CITIC to not go against the deal or come up with a unlikely rival bid. As the boards swift acceptance to an increased $16 offer reflects the unlikely chance of a rival higher offer.

So in the case, it looks like CITIC is a seller and will unlikely oppose the deal. What are they going to do with $1.2b cash?

Also POSCO would be cashing out of MCC too if they don't oppose Peabody offer. Again what can they do with the cash?

I like to think COK is in the box seat of coal M&A now but we gotta wait and see.