now here's another quote, this one from NEC speeding ticket...

now here's another quote, this one from NEC speeding ticket dated 3rd june, the same time that both FUT and NEC were at peak prices:

"The Company has regularly advised, in its presentation announcements, that it is likely to seek third party involvement in the development of its coal projects at the appropriate point in their evolution. In the recently disclosed (15 May 2008) MD Presentation, the company advised that it would be seeking third party involvement in its Maryborough Project. This process of seeking expressions of interest has commenced.
The Company also advises that it has been approached on numerous occasions in relation to potential investments in its other projects. Some of these approaches remain under consideration, but none has yet progressed to any form of agreement. The Company will continue to talk to parties interested in these projects and will inform the market, if and when any agreements are concluded."


it would be easy to have a deal pretty much sewn up "off the record" but not be obliged to announce anything if both parties concerned have directors in common, who just haven't "made up their mind" yet...


ok here come my odds. Coal is now hot favourite IMO, paying 2.5c to 1.2c if you buy in tomorrow.

and the best bit, if we are right? production expected to be online by next year.