exciting time ahead, page-18

cbh and perilya have shared geo data on many occasions wrt the line of lode at bh.
now perilya are playing poker with the shareholders dough and so far have failed. on the other hand cbh have been very open and have remedial action as the markets deteriorated.
perilya on the other hand have been reticent ,almost secretive in revealing their lot up until the least announcement about their finances.
cbh still have cash, are at break even,and hold several assets which other parties would love to get their hands on such as the ore loader facility at newcastle which happens to be the deepest port facility in newcastle. if look east you see lots of the ships sitting off newcastle waiting to load coal. it is a bottleneck.ergo a valuable asset.
this crisis cant last forever and when it turns it probably will turn quickly.the chinese know it,cbh know it but perilya failed to prepare for it by allowing themselves to get to this position. hence their desperate attempt to take the short term cash injection. desperate deeds by desperate directors who shown their inability to cover their bases.