always nice to see an optimist but i think generally takeovers...

always nice to see an optimist

but i think generally takeovers in the next round of consolidation will likely focus on buying companies where the capex for mine expansion has already been spent and the expansion built.

thats whay everyone is focused on whc - because maules creek is nearly built and the money spent

any acquirers will still be buying asx coal stocks cheap but with much less risk.

a fast rising met coal market would change all that. just not clear when or even if that will occur in next 12 months - which is roughly the timeframe the coal for the new coal terminal needs to be delivered by - at which time all the producers who signed up need to start delivering their take or pay tonnages