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01/02/19
17:16
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Originally posted by minoil
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an awesome corporate play building here....couldnt resist getting more. The link between Xcoal and Max Coal is unknown but its shaping up to be an asset grab. Some downside risk, but the two buyers have thrown bucketfuls in, and neither will want to lose.
every day, supply gets a bit tighter, so before long, one of the buyers will have to let the cat out of the bag
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This may be stupid question, but if the mine can't make money why wouldn't any potential acquires just buy it off the administrators and not pay 20 or 30c for them?