Penny ! QMN may well get a takeover but I think it will be Exco . CDU wont be interested IMO - Cudeco ceased being a major holder of QMN some time back now after the falling out between Mccrae and Renshaw.
CDU now have the EPM beside QMN Morris creek its 3 times as large and it didnt cost them anything.
CDU wont be interested in QMN's other leases but I expect EXCO will - seeing they are cashed up and will be looking for new targets after the CCP sale to the Xmen.
Cheers Hoot
The Map below shows the current CDU tenements.
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