I have just had a look at the stake bought by HSBC officially declared on 14/9 and the various purchases average out at 0.35 (ranging from 0.331 to 0.3946). so it seems to me that the drop in the share price simply reflects that. The options dropped accordingly. I'll continue to hold but I also hold on the premise that India needs coal, and clean coal at that, which is what we have in the area around Wollongong.
Cheers
Taurisk
GUJ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held