yes, agree with Cabbie, overhang of Govt owned shares may have long term impact. They have stated they are going to sell eventually, as for the escrow period and the conditions, I wouldn't trust the govt one inch.
This is along with all the other concerns raised on this thread so I wont be touching it. Asia story has to continue with gusto (which it probably will) but carbon pricing could be a factor that affects coal demand.
Apart from the possibility of a quick 10% gain I see the risk/reward not to my liking, could just as easily lose 10% on opening. May all depend on the issue price.
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