talked to peter. very nice guy indeed. Now my take from all...

talked to peter. very nice guy indeed. Now my take from all this:

1. There are at least 5 other assets to be acquired.(All would be announced between December to Jan) None would be in Australia! Reason: mining tax + carbon tax. Most likely 3 out of 5 would relate to coal.
2. 95% they will go ahead with the purchase. They will announce it sometime this week or early next week. Asset is good Quality asset!!

Now interesting part:
They are hoping to raise capital way above the current price! Which would only suggest one thing: good news and a lot of it is coming ;)

Oh by the way suspension is from 20th of Jan. until March. Wouldn’t be surprized if they get the drilling contractor ready before then