I hope they don't, since BHP are selling assets like this because they believe that current prices of coal are at premiums and by making a sale at the top of the market they can make better use of the funds.
Furthermore CCC allready has a very large number of shares on issue, and I don't believe a further issuance will be looked upon favourably by stockholders. (I don't see where the cash for bids will come from when we a re allready bidding for other tenders).
But these are just thoughts, would love to hear other opinions.
I hope they don't, since BHP are selling assets like this...
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