re: cey a takeover target ???? Additional:"CEY may be the target...

re: cey a takeover target ???? Additional:

"CEY may be the target of Glencore or related party Xstrata (XTA). Short term speculative upside could exist in CEY. XTA is cashed up. After failing to acquire WMR earlier this year, XTA is keen to grow through acquisition. CEY would offer large synergies to XTA NSW coal operations. Alternatively, Glencore may have eyes for CEY's or AUO's marketing rights.


Regardless, it is in Centennial's and Austral's best interests that the merger goes ahead. The merger will create real value in the longer term. The short term share price of the merged CEY could be expected to move higher once the deal is done. "