Good to see the company finally responding to all the opportunistic deals that seem to be out there. BDO Kendalls agree that shareholders are going to get shafted by the Bowen offer which does not seem to give us a fair price given the quality of the possible coal deposits. granted they are only JORC compliant but if they managed to prove up 153MT of coking coal I don't think shareholders would be wanting to accept 21c. Based on Felix Resources Moolarben deposit which is not developed, but is proven, but is also only thermal coal not coking, I feel the two tenements are worth a lot more than 21c IMO.
Good to see the company finally responding to all the...
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