They're a dozy lot down at IC. Today they have a piece on the flotation of Asia Energy plc on AIM. Chunky coal deposits in Bangladesh. Market cap. expected to be about 30m.

What IC fails to notice is that CBM has a 55% stake in AE. 55% of 30m wd be 16.5m.

CBM's current total market cap at 63p is er... about 16m!!

So we get Western Canadian Coal (about to float on AIM), Pageton Coal in West Virginia, AGD Mining, Subranum Gold in Ghana, and CBM'z most recent acquisition Zhibek Resources (again planned to float on AIM in 2004) FOR NOTHING.

Fill your boots folks, this is set to double.

Both WTN (13th) and CBM shortly afterwards. CBM apart from how the former CLN
is performing, new contract prices expected to be annouced and here's a taster?

BRIEF: U.S. Coking Coal Producers Upbeat
Friday, November 07, 2008 3:54 AM

(Source: The Pittsburgh Tribune-Review)By The Pittsburgh Tribune-Review
Nov. 7--U.S. coking coal producers are set for a "decent year" in 2009 because of increases in North American contract prices driven by a shortage of supply and rising demand, coal trader Xcoal Energy & Resources said. Prices for premium hard coking coal used in steelmaking have been settled for next year's contracts by all but one of the major steelmakers in North America at an equivalent export price of $336-$361 a metric ton, up from $106-$110 a ton for this year, said Ernie Thrasher, president of the Latrobe-based company.
At anything close to these rates the SP should start to make a dramatic recovery
(well one can live in hope)?
cyril

UPDATE 1-Cambrian says in offer talks, shares jump

* Confirms possible share-for-share offer for company
* Shares rise 88 percent
(Adds details)
Dec 16 (Reuters) - Cambrian Mining Plc on Tuesday confirmed it was in
talks for a possible share-for-share offer for the company, pushing its shares
up as much as 88 percent in afternoon trade.
The AIM-listed coal, gold and antimony miner had said earlier this month
that it was cutting production to preserve cash and re-organising its operations
at Costerfield, Australia, in view of recent weakness in the world antimony
market.
Cambrian shares were up 55 percent at 25.25 pence at 1423 GMT, after
touching a high of 31 pence earlier.

cyril