You are 100% on target. He used to be with peabody and of course being in the business for so long has huge networking possibilities and I agree new contracts. They have mentioned they are even willing to budge a bit on price to get new revenue rolling in. Not to mention Blackstone is known for making things happen in China and India so so many options it is ridiculous. Truthfully we don't know blackstones exact involvement. I don't think it is financing because it seems Citi is committed. So is blackstone there to help with merger or over seas sales??
Wow...don't you think you're putting a lot of faith into one man? I may run the risk of alienating myself from some posters here that I've shared trades with before but COAL will not survive as an energy source of the masses. In my opinion, these decision makers at the banks are from a different generational mindset, and see other more lucrative investments. Having said that I hope they get it so I can make some money again.
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