very interested parties

You would have to think that Endocoal would be the prime candidate for an asset sale / takeover which is described in the article. Not only is MDS a low capex, low opex, mine which should start production within 12 months - however there were already "very interested parties" both the collapse in the coal price. I guess it really comes down to an acceptable price.

http://uk.reuters.com/article/2012/09/20/uk-asia-mining-idUKBRE88J1A620120920

Nice work to management on the coal exploration permit on the south boundary of Orion Downs. With MDS likely to be producing next year they have no doubt obtained this permit in the hope of scalping another low cost, quick start play from the fringes of Rolleston.

It has been a pretty tough time in the coal game over the past couple of months however it does appear the clouds are breaking.

I am the Iceman!