It all comes down to valuation and the assumed life of mine coal price. Given management have been disciplined with the cash up until now, you would expect any bid to be opportunistic and not based on current coal prices.
MGX link to Wesfarmers Curragh Coal, page-13
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 191145 | 30.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 346199 | 10 |
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