The only thing holding back EOC at the present time is funding, however that's a big issue. (obviously I'm pointing out the obvious here).
Obviously EOC can't just fund their coal projects alone (just like every other coal speccie), however EOC are going to need more funds just for general administration and exploration very soon. The market isn't a fan of these constant cap-raisings.
If someone puts in a good offer for some assets that might be the best option to take.
I would rather not part with MDS though, considering it's a bit of a cashflow machine even with not-so-great coal prices.
EOC Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
