Reply from Anthony, page-3

Think he is hinting that they believe they can do more with the cash in the current market for a better return than simply handing it back to shareholders

This would be through a JV or farm-in deal of a distressed asset I am guessing

If this is the case, the shareholders may receive more benefit than simply receiving back their 7.5c cash, as we may see 10-12c asset valuations starting to come into play

Remember, they still own the 135Mt coal resource regardless of whatever else they acquire

Still a buy, as I believe they were purposely coy about Bushveld's intentions