"about 80c a share for only the coal."
Hence why I am unclear as to why they are looking to divest potentially their best asset at such an early stage.
Coal is easy to explore, simple to fund. Uranium is much harder to explore, much harder to fund.
The coal looks to be quality stuff. The uranium is a marginal grade.
Coal is mined and exported from Botswana. The position in so far as uranium is still a little unclear.
Environmental permitting for coal is far easier than uranium.
Some companies become a little hung up on being a specialist on a particular sector - which is what sent Pasminco broke. I suspect that this is the case with AFE. They have their heads set on being a uranium company and can't step back and see that the company may be in a much better position to become a coal explorer with some longer term uranium projects.
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