Since Peabody walked away last time MCC has anounced some significant increases in reserves / resources & recoverable coal. IMO $15.50 less dividend looks a bit cheap to me relative to their previous offer.
Check back on ...
http://www.asx.com.au/asxpdf/20110511/pdf/41yl56fn43mx3c.pdf
http://www.asx.com.au/asxpdf/20110317/pdf/41xhnx893dk98b.pdf
http://www.asx.com.au/asxpdf/20110516/pdf/41yp401hw6h5m5.pdf
Since Peabody walked away last time MCC has anounced some...
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