assuming CHL does come out with 4 c eps forecast, and CPB fail to pick much more on market, then surely they would be forced to raise their price offer so as to secure a board seat ?
CHL can push up the sp in this way before relinquishing a seat, so it will be quite a while before CPB get the inside info on what is actually happening. by then lets hope directors have the shop in order and cash coming in.
also read an article on increased coal exports, evidently bottlenecks have reduced output recently but new higher volumes on the way;
"But we are working our way through the export bottlenecks. There has been a massive increase in iron ore and coal port and rail infrastructure. We've increased coal capacity in Queensland and NSW (collectively Australia's biggest export earner) by 13 and 21 per cent, respectively, in 12 months"
CHL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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