HYou got my thumb up.I doubt Xstrata will walk away but they may...

HYou got my thumb up.
I doubt Xstrata will walk away but they may leave the Wandoan project postponed for several years. If this is the case, all QLD juniors will be punished IMHO.
I do like MTE’s network with Chinese, BND has 90m cash backup, COK is a current producer; SMR/CLR I’ve no idea.
I also doubt Chinese will take rail project off Xstrata’s hand coz some are only after short term profit.

Looking at the bright side, QLD coalers are currently on their way of recovery (no matter how long it’s going to last); so hopefully it can trigger some M&A in short term. At least a takeover offer is a good way to maximise our retail holders benefit.

For BND, I still believe today is the top and a little pullback is coming up soon; but anyway, I am still holding it tightly!