Oxford Resource Partners (OXF -30.1%) plunges in the wake of Monday's news of a reduced Q3 cash...

|By:, SA News Editor

Oxford Resource Partners (OXF -30.1%) plunges in the wake of Monday's news of a reduced Q3 cash distribution of $0.20/common unit. OXF had expected to receive $10M-$15M in proceeds from the sale of excess equipment from its Illinois Basin operations but determines it is not likely to obtain acceptable value for the assets by the end of 2012.