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We're on the same wavelength bigdog. I takeover in the next 6-12 months would be a stinker for the long term boys. I have averaged down 16 times now to get a 1.2p average so would be hopeful of some profit even at a silly offer. I'm certainly not feeling smug about my position and would happily sit this out another 2 years if necessary so we can get to Tier 1 production with an up turn in the coal market. I'm not confident that RK wants to run a coal mine in the medium to long term though, I think if an offer came in now between 3-4p he would push for the big investors to take it so he can move on. The last 2 years can't have been any fun for him despite his whopping renumeration package. Good luck matey and all the best.
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