With due respect, it appears testimony confirmed that the SACL transaction went through at double the valuation of the previous year but comfortably within the range of $34m-$108m assessed subsequently in light of significant movements in the coal price and large transactions going through the market at the time. Far be it from me to defend directors in any capacity at all, but I dont see the basis for a class action.
To say that the transaction went through at double the market value is perhaps disingenuous and maybe even libelous. Not that any one around here is the litigious type....
G'luck
With due respect, it appears testimony confirmed that the SACL...
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