epc890 - rocklands project, page-2

Who knows whi55l but I think RCI management did the right thing by telling them to get lost.

Jindal are shooting themselves in the foot as they are already down significantly on their initial purchase from Benny.

I see this only as a win-win situation for RCI.

Even without a takeover, I see RCI as fundamentally undervalued.

There is absolutely zero value being placed on their Australian coal tenements.

I think RCI did the right thing by minimising expenditure on these tenements and focus on getting the coke operations upgraded and (hopefully) back to profitability.

Even on a fully diluted basis, 56 cents is cheap. 25 cents is ridiculously cheap. No wonder Benny bought up last week. So did I.

Ralph