yancoal has a $1b war chest for acquisitions, page-3

NHC has put the "up for sale" sign today.

imo, I think they will be a hard sell. Say Yancoal and Jap, or Indian companies were interested in their thermal coal assets.

I cannot see them or anyone pay a premium for their $1.5b cash, also their stakes in DTE, WCL, and PGS is a stumbling block as well.

imo, I think they would get offers to buy their thermal coal assets and NEC off them (coking coal assets).

I think COK and BND are takeover targets now. BND could be on Yancoal's radar, given they are cheap now.

Interesting thing was UBS was the adviser for BND and WHC when they failed to get offers. LOL. NHC didn't want to make the same mistake.