Buying up last week or so, ticks alot of boxes...

Buying up last week or so, ticks alot of boxes imo....

Acquisition of exploration leases in very well known and producing coking and thermal coal basin with access to infrastructure.
Placement to fund exploration well supported by directors and sub holders buying.
Cashed up and selling non core assets
Trading at premium to placement with likely accumulation of easy placement stock going on at these levels before exploration kicks off.
Vendor shares are voluntarily escrowed
Vendor and broker option ex price is well above placement price and recently traded prices
Vendor payments linked to NRL success via JORC
Leverage to strong coal prices and exploration success


See
http://www.asx.com.au/asxpdf/20100817/pdf/31ry0wj3f44zlw.pdf

Only negative is its not in Mongolia....