Peabody Energy Corporation (BTU): Clean up costs The problem is that if...

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Re: DieselJoe post# 1191

Wednesday, 03/30/2016 2:00:36 PM

Wednesday, March 30, 2016 2:00:36 PM

Clean up costs

The problem is that if the fall below certain financial factors, the bonds they have posted probably can require additional collateral to be posted.

I do not think this is a problem because I am expecting other deadlines will force a filing long before clean up costs or the posting of additional collateral for the bonds to cover future possible clean up costs would become a problem for them.

Louis J. Desy Jr.

Disclosure: I own BTU put options.

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