EXS 0.00% 26.0¢ exco resources limited

Bulltearer you are right.Remember last year when Nathan...

  1. 112 Posts.
    Bulltearer you are right.Remember last year when Nathan Tinkler!s Aston Resources paid the Rio Tinto Subsidiary Coal & Allied $480million for ownership of the undeveloped Maules Creek coal project in NSW!s Gunnedah Basin.Ten months later Aston flipped out a 15% share in the project to Japanese trading house(Itochu)for $345 million,valuing 100% of the project at $2.29 billion or a near five fold increase on its acquisition cost.(Tinkler laughted all the way to the Bank, no wonder he can buy the Jets/Knights sporting bodies).Tinkler turned his coal tenents into gold and Xstrata will do the same with this acquisition from Exco.
 
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