News Should Be About Spin-OffI have to agree with others regarding the possible spin-off news related to NKL and PCY.
My opinion is that PCY will spin-off some or all their non-coal properties into NKL or NewCo, and PCY shareholders will get a % of shares of NKL or NewCo.
Should work out well for PCY/NKL shareholders IMO, as the non-coal properties are not getting a proper valuation with PCY's current share price.
NKL or NewCo will be a much larger company with greater asset potential after the merger and with John Lee on board things will get done as they have with PCY in Mongolia. JMHO