All that is well and good David, but if Jindal had any doubts about the coal deposit or they were just looking for a coal deposit in general, why take an actual stake? They could have done what Meijin did or Essar did and just put forward an unconditional bid.
I mean all the coal deposit information regarding EPC890 is publicly available.
This implies that Jindal do not trust the JORC code and/or the geologist that provided the assessment? That is a bit rich from Jindal.
I do agree that RCI management should clarify the Meijin bid. They should declare that as being over now.
Ralph
RCI Price at posting:
25.5¢ Sentiment: Hold Disclosure: Held