I tend to think you are correct. BND are more likely to be an...

I tend to think you are correct. BND are more likely to be an acquisition target than an operating company.

What ever is best for shareholders..right. BND is well placed for anyone who needs coal and wants to be vertically integrated.

I am seriously looking for the jump in point, but the AUD worries me a little. At above parity, anything Thermal is a big ask. I am looking for a downward trend in the AUD.