the hughenden asset is too deep and there is not a single...

the hughenden asset is too deep and there is not a single producing coal asset at that end of the basin. for CAP there is absolutely no reason to hang onto something that in their view, and i completely agree with, is basically worthless. this is a good deal for CAP, not a bad one.

if you like coal in that area, keep an eye on Baru Resources, or feel free, if you still can to participate in their IPO. CAPs view is that coal in the region is worthless, and given mkt response to everyone else who has tenements there its very hard to disagree.

BMG situation will be resolved sooner rather than later. I for one am hanging on until then. Hawsons has a number of question marks, whether they can be overcome is still questionable. If they can be overcome, and to answer this you need to consider the will of those involved in the court case, then selling this stock here is IMO pointless.

Painful to wait, but IMO the future of this company rests with the judiciary.