Originally Posted by
shasta
The Govt could buy PRC & run it in a similar vein to the Stockton mine run by Solid Energy? (providing NZO an exit strategy?)
The hard coking coal is still of value, especially to the Japanese steelmakers, again NZO can extract some value on-selling the coal production rights?
Wonder what the Indian shareholders want to do, & whether there focus is short or longer term? (Where does that leave NZO?)
Assuming, the "rescue" is now just a body recovery, the sentiment in the affected surrounding areas may prompt the Govt to act
I still see room for NZO to extract some value out of this situation, & would be interested in NZO is oversold
Disc: Nil held in NZO & PRC