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.
EER Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
