Phoenix Associates Land Syndicate (fka PBLSQ)

[balancr]

GNU

There is more to think about on this.

A number of posters on this board have indicated a lack of confidence in management's expertise and sophistication.

Evidently they have been able to demonstrate to the satisfaction of major company execs. that they do have the skills and experise to integrate and optimize groups of businesses. We should not discount the possibility that the Dynamic Duo is actually smarter than anyone has given them credit for.

Given a management expertise they now have access to technical expertise to get much more out of the original pit - and by definition out of the new pit - valuation based on estimates of tonnage and now quadruple tonnage and what do you get. They have known about the expertise for months! While we were wondering about a minor court case they have circumvented the whole situation.

Synergy is having a market for "waste rock" from coal mining while we were wondering why PPS was receiving a "crushing" blow (sorry could not help myself) and management did not seem to notice.

Saving $250K a week on fuel costs is obviously just a drop in the bucket here. I expect there will be a combining of coal and oil/fuel sales and I would not be surprised to see something connected with synfuel (gasoline from coal) to crop up "soon".

Should be an interesting week.

Balancr