Reversing the royalty is certainy an option as if there are oil deals selling on Low P/E in the states and it can build LNC B/S immediately with recourring earnings PB is willing to swap this income stream.
Adani is trumpting a listing in the UK this year for it's coal assets...that it's purchased from Aust?
Don't forget Adani have forked out $2 B for a terminal and only have one mine in Aust.They would have to be front runners to take out Teresa in my book.
LNC Price at posting:
$3.20 Sentiment: LT Buy Disclosure: Held
