may spend about $500m on a single transaction, page-3

Certainly agree weldad, you should not be trying to time the sale, because there are just too many examples of how long this process can be. Other coalers who have opened their data rooms have experienced time delays, or even removed the sales from the market.

There does appear to be a lot more news circulating now about this sale though. Today on Finance News Network it is a header and includes "On Thursday shares in Linc Energy Limited (ASX:LNC) gained 1.45 per cent, finishing the day at $2.10. The diversified energy group is close to offloading parts of its coal exploration assets in Queensland according to a report by the Australian Financial Review."

Does anyone have access to Fin REview details?