ASX 200 up 36 points to 7642
I think there is a strong chance that Coronado Global Resources ( $Coronado Global Resources Inc(CRN.AU$ ) is going to have merger talks again with Peabody Energy (listed on the NYSE) on news that Energy and Minerals Group’s deal to sell its 51% in CRN to a Czech tycoon has fallen over.
I also wouldn’t be surprised to see the very cashed up YanCoal ( $Yancoal Australia Ltd(YAL.AU$ ) show some interest….
To get the job done would take around $2.20 so there is some decent upside in CRN to be had. BUY last sale $1.25 $S&P/ASX 200(.XJO.AU$
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