epc890 - rocklands project, page-18

I must admitwhi551 I was always woried through the option conversion time that all RCI wanted was some cash to upgrade the coking facility, and they certainly got what they wanted. At 6c sp not one holder would have converted, so in the gfc climate of difficult funding, they got an excellent result. I thought conspiracy theory for a while but I cannot see Jindal coughing up so much money at 42c unless they were a genuine bidder. Meijin I have always doubted.
I basically concur with all your misgivings and reckon the company has not kept us fully informed. I don't quite know where we go from here, the coking business has a fair way to go to reach profitability, EPC890 is just a patch of dirt with some old historical data, so I cannot see too many potential suitors coming along, now that RCI have slammed the door on anybody trying to test the coal deposits. Just my thoughts, I am locked in at present and probably have an average price around 35c - not prepared to take the hit just yet.