Denial, no offence mate bit this reading and acceptance of annc's verbatim is out the window, have to go a little deeper than that nowadays...
potential EOC asset buyers, unlike us shareholders, are permitted into the EOC data room
obviously, information will have leaksed during that time & the share price has been falling during that time
don't get me wrong. there are many companies with undeveloped high ash deposits, such as CLR and AQA
but they remain undeveloped deposits, which were originally rejected by the majors as uneconomical
such deposits are only economic at higher coal prices but with coking coal & PCI currently down at $150/t - $175/t, these high ash deposits become increasingly marginal
good luck
EOC Price at posting:
28.0¢ Sentiment: None Disclosure: Held
