If Murray’s lenders win the bid I can see them building Foresight with assets that would go with their business plan and cut costs like Javelin who already does business with Foresight and giving a much bigger credit facility. That right there is a huge strategic bid and move! The way to make it in today’s coal market is for companies to merge cut costs and squeeze the little guys out! Foresight is very attractive because they have the lowest cost producing mines in the USA and they are places right by their own railways they own and sit right by the rivers to barge the coal to whatever country they want to go to. Coal is going to be around for many many more years!
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