Kiwitrev,yep, I go by both names ........IMHO Whitehaven is the...

Kiwitrev,
yep, I go by both names ........

IMHO Whitehaven is the only company who would be interested, primarily because Vickery South forms a boundary with their current leases and because it enables access to transport. They have Boardwalk's holding now - 17.3% and have an interest in Ferndale thru the Boardwalk holding.
This means that CWK is valuable to them and worth about $1.10 /share on the basis of the VS holding alone.
Ian Craig (Nathan's man) is on the Board.
Current management and Board have a poor record of getting things done or in adding value - Oaklands !!!
Boardwalk, Macquarie and Acorn vetoed Board nominations etc. at last AGM - i.e. voted together.
All in all, why would minority shareholders be best served by the status quo and why would anyone else make a play on the basis of existing holdings ?