HUN

In the midst of a huge plunge in the ASX, there is one bright spark. HUN is being takeover by Banpu today; just announced. Australian stocks are going on the cheap. The management has sold out. With so much more coal to uncover but no one wanting to value HUN higher, the board has recommended that shareholders take the cash offer at $1.80 per share.

I might have made over 90% profit (both parcels bought in Aug 2010) but I am still not happy about the sell out. I am a patient long term investor but I must be one of few.