epc890 - rocklands project, page-73

It's a fair bit of cat and mouse at the moment. I don't think anyone would be holding for fundamentals as the coking business is hardly setting the world alight, and the coal deposits could be decades away, assuming there is something there. Also find it interesting that Jindal are hanging in the wings, perhaps the paper loss is too big for them to realise at current prices. It will be interesting to see where the sp goes if they do crack it and sell up.