I don't see NHC buying any assets now, they could have got Mt Arthur cheap when coal was in the dumps a year ago but they didn't have any money then to do it, but when coal goes up 3 times they then issues notes I guess buy Mt Arthur which now worth a lot more. I think they should have taken over Blair Athol in exchange for refinancing ter's bonds and they would have to pay it back with SA coal under NHC direction, I think that could have been done.
It's Buyback Time, page-2
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