rinehart takes an initial position in endocoal

Good piece is AFR today "Rinehart gets taste for minnows" which has suggested Hancock Prospecting has developed a taste for coal minnows including coal junior Carabella Resources and that is has also began buying shares in Endocoal and Australian Pacific Coal. Both are located next to the proposed rail line from the Galilee basin to the Abbot Point port terminal that GVK will now build for Rinehart.

AFR also noted:

"Endocoal's fully owned Talwood coal tenement lies directly north of Carabella's Mabbin Creek prospect in the state's PREMIER COKING COAL DISTRICT.."

I suppose her Board are starting to realise that EOC's sigificant land position will eventually translate into something quite worthwhile