Think he is hinting that they believe they can do more with the...

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