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The former boss of Australia's Gloucester Coal has lined up $200 million from a private equity firm to buy metallurgical coal projects in Australia, New Zealand and Indonesia, taking advantage of weak valuations in the sector. This is our new CFO's former boss. I wonder if he can get in touch and tell him there's a mine in Mozambique going cheap! As many have said before, I'm sure the vultures are circling and would love to snap this up from an administrator 6 months down the line. God I hope we can pull through. This radio silence from the bod is very worrying. The buys have all but dried up now until funding news come through. Good luck all.
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