Sorry boys I have been on holiday so my internet access has been intermittent.
Coal quality in Sumatra is of the low grade type with high moisture. Also, logistics in Sumatra is an issue which adds to costs and lowers margins even further. I have heard (relaibility unconfirmed) that our boys may be looking at some really low grade stuff which is why I believe a strategic (unless it is one of those shonky Indian groups) will not be interested as there is really no export potential. So why would a ASX listed company look at projects for which there is no export market? Does it make sense to you boys?
worst management in australia are right here, page-10
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