RE: propably not good I think it is great news. The share price may reflect negativity in the short haul as some share holders panic. Long term I think this is great news. I mentioned before that xstrata had no intention of mining Donkin. They were stalling. Why didnt they want to mine Donkin? Because NSP currently gets their coal from a columbian mine which is partially owned by xstrata. Why would they cut into their profit margin by selling cheaper donkin coal.
ERD has first right of refusal when an offer comes into play. They have three options; make the same offer or better and own 100 percent of Donkin. Remain at 25 percent ownership or be bought out at a price that is good for all of us. Remember, this mine is worth over 1 billion dollars according to the feasability study.
This is great news in my opinion as now we can start moving forward without xstrata playing games and stalling.