I agree, don't think ANR is in position to do anything after the MEE acquisition and all the ancillary problems that keep cropping up from MEE's past problems. WLT has the BEST type of Met coal, which should put that company at a premium. At their current market cap, they would be an easy buyout. The WLT CEO resigning reminds me of the MEE CEO resigning, just before MEE agreed to be bought. Could be the WLT CEO didn't want to be acquired while the Board is open to that. This one could fall but in a year, it will be higher than where it is today, IMHO.
I think the buyer is going to be big...It doesn't take too much for any big name miner, steel, coal, or integrated materials company to come in here and swoop them up with the upheaval of the board. If I was on the board and 2 CEO's had resigned because they wanted to bring a vision for a long term success story or get paid big by selling out top assets...I would probably take the big check and move on, especially before taxes are raised with Obama in charge.
What happened to the MEE Ceo...did he resign after all the mishaps at there mines and then they got scooped up right?