Hey Azzumah, I know you are keen on CBH, but I think we got...

Hey Azzumah, I know you are keen on CBH, but I think we got screwed by our management and are now stuffed.

Can't see any reason why the Chinese would be any more interested in us than PEM are. There is simply no reason to acquire $160 million in debt to buy a low grade remnant mine like Rasp. Particularly when it is now highly likely that they could buy it at fire sale by CBH management or the our Administrators in the near future. I note that our management have indicated that they are looking for buyers for our only profit making venture, being the Newcastle shiploader. My guess is a fire sale of remaining loss making assets would soon follow.

Just my opinion, but it seems to make more ssense to a potential buyer than buying $160 million in debt.