RE: PCY"It would seem that PCY would be a logical takeover target..."
When John Lee said he would consider the possible spin off of the non-coal assets, coal operations being the target of a buy out or a major buy in (ie : JV partner) crossed my mind. Why sell (or dilute via major partner) PCY as a whole when all someone might want is the coal operation? Either way and excluding prospects of the same, us shareholders are in a good position (ie: production).