fair question....for which i couldnt give a definite...

fair question....for which i couldnt give a definite answer.....but, administration could be a long drawn out affair, with the risk of mine closure, loss of contracts etc, so who knows. And, the risk of an interloper beating them to the prize....As it is, the mine appears to be producing a good product at a good price. Its been hit with some circumstances outside its control, and predators have taken advantage of it.
Have Ernie and Max Coal got it wrong? somehow i dont think so.....this could be a classic corporate play for control, with the two players no doubt, continuing to soak up the "bleeding noses".
I have no doubt that they wont walk away from this, and one, or both of them will win out.....how it plays out is the mystery, so there is a risk of tagging along.
If nothing else, the recent buying, added to todays volume means there is a play on, so, you risk tagging along, or you stand aside