moneyforjam, you are certainly right. I look at it a little differently though. My view of the end game is the same - that this company should be focusing on coal where management has its strengths. However, in the meantime, Mt Webber is such a great asset that I believe devoting full attention to this to upgrade the resource and then sell our stake to AGO, would then put us in the best possible position to grab a company-making coal deal. So, I am happy for management to be scouting for coal acquisitions at the moment, but really want to see some action on Mt Webber before any decisive action is taken on coal.
As an example, I invest in another stock EXS which has a large copper project, but has invested most of its time over the last year on getting its smaller gold project into full production and now has so much cash that it is in the strongest position to develop the company-making copper project.
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