WOW, Foresight Energy beating an Arch Coal bid by over $2.50, looking for a 5+ year contract!!
And who thinks Foresight is going out of business lmao?? We are about to see a massive market share attack by Foresight, because they are THE LOWEST COST PRODUCER OF COAL IN THE UNITED STATES!!
Amazing opportunity. $506 mil more assets than liabilities equates to $6.25 per share value, and we are currently trading at 0.08.
$900 mil revs a year and clearing almost $80 mil profit this year when you add back in paper loss of depreciation!!
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