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 $S&P/ASX 200 (.XJO.AU)$