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hawkeye612

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hawkeye612

Re: KyMike post# 546

Monday, 08/15/2011 4:40:35 PM

Monday, August 15, 2011 4:40:35 PM

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Depending on what they find out when they do the drilling... if it is positive news the price per share will jump quickly. They have already been offered a little over $2.00 per share and turned it down. If there is the amount of high grade coal in the ground that has been speculated, it is hard to say where the sale price per share would go to. One thing is for sure, currently they dont have the financing to get the coal out of the ground. Rio does and I am sure that they are counting on a buyout offer from them.
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