I guess we'll have to see how it pans out. You may be right. But...

I guess we'll have to see how it pans out. You may be right. But if there is multi-party interest (which is looking increasingly likely - one 'non-binding' approach at 60 cents from one party, and now another offer to take the whole placement at 55 cents) - that multi-party dynamic could push the price up.

At the very least, those placementees have a buyer at 55 cents (Nathan Tinkler) for the shares they bought at 40 cents! Nicw work if you can get it. Hopefully they have a more bullish target in mind.

On that, did anyone read about Hans Mende taking a stake via AMCI Capital? Mende has a history of picking winners in this sector, particular those companies that have gone up the foodchain...

http://www.theaustralian.com.au/business/wall-street-journal/mende-takes-slice-of-endocoal-through-amci-capital/story-fnay3vxj-1226251282740

Cheers,

Yaq