Trime61, Is Coal India Ltd in talks with CCC as looking to acquire it for $2 billion dollars? Coal India Ltd is looking at three coal company's in production who are out of Australia with assets in Botswana. They have said in an article on the Energy Global website they are in discussions with 3 company's here in Australia with them spending $2 billion dollars each on the two out of the three they pick who they are in current discussions with in Australia. Coal India has signed non-disclosure agreements with three firms and the proposals are at the level of board sub-committee," the official said. Is this True? As a $2 billion market cap is a huge difference on current CCC market cap of only just approx $20 million market cap today? I suppose you cannot tell us since non-disclosures have been signed. Exciting stuff for CCC shareholders if this turns out to be true?
CCC Price at posting:
3.7¢ Sentiment: LT Buy Disclosure: Held
