Peabody ready to slip into Stanmore

For Matos, teaming up with Peabody would be like stepping into a lukewarm bath and discovering he’s sharing it with a twenty-foot great white shark.

The idea that a big company like Peabody, which has two directors of the activist hedge fund Elliott Associates on its board to keep its focus on the main opportunity, wants 20 percent of Poitrel and South Walker just as a passive investor, doesn’t work. . .

There are dozens of ways a minority partner can make life difficult for a mine operator, to force concessions, even to push for a buyout.

Stanmore is not happy. Matos has the award from him. He now he has to keep it.

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