I expect you will want to buy back in when the share price has settled lower.
This is a great outcome for MHL shareholders.
Now MHL can do deals with a real oiler, not a virtual oiler.
I do expect the share price to fall in the short term. Drilling will not be until 2010, I expect.
Sentry look like a company I would never trust. They want to get into coal production in Australia but have no capital or experience in that field. They are just looking for a secure country to invest in. If I wanted cheap coal shares there are far better options than Sentry, I believe.
loki
MHL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held