is cok a takeover target, page-2

I'm not sure either Massey.

I've been in this one for a long time and still cant understand why the share price is still at 40 odd cents. I just don get it.

When you compare it to other explorers, its quantity of coal and quality it just does'nt make sense. And its producing and ramping up production. Sure its got about a billion shares on issue but it also has about a billion tonnes of coal...

As for takeover well it seems that the major players hold about 25% with POSCO being the largest with 9%. I guess they could make a play for it once it gets derisked a little further. By that I mean construction starting or completed on the missing rail link and Wiggins Island.

They could sell some of their operations to their J/V partners to free up some cash but I hope that does'nt happen. But with J/V partners any takeover offers might see a bit of competition arise...A bidding war now that would be good.

Regards

Rogerm