will noble take over east energy & what price?, page-6

"I now think Noble may have made a mistake"

You think they made a mistake twice and added board representation also.

Malcolm Castle's resignation was more to do with the exploration completed, he is a geologist - EER moving more into developing the mine now.

EER will be a bulk producer, chinese and indians paying over $80 from indonesia for same quality coals.

Noble know what there doing...A merged EER and BWD can blend the coals and turn into a massive producer with good quality coal at a cheap production cost.

Keep in mind - Indias coal deficit is expected to double to 265 million tonnes in the 2016/17 fiscal year.

-State owned Xinhua News reports China's total energy consumption is likely to reach between 4.1Bt and 4.25Bt of standard coal this year, up from 3.25Bt in 2010.