this is another heads up that listing exergen is a near certainty:
http://www.rfcambrian.com/node/306
'Exergen, the Australian breakthrough clean coal technology company, has engaged RFC Ambrian as its corporate advisor as it seeks to secure $100m funding for the construction of a 50 tonnes per hour (tph) demonstration plant in Victoria, Australia that will prove the commerciality of its Continuous Hydrothermal De-watering (CHTD) technology for upgrading brown coal.
The technology efficiently removes moisture from coal resulting in substantial cost and emissions benefits for end users.'
there is simply no way that insto investors targetted by this capital raising will put in anything unless they are assured that there is a pathway in place to cash in their $100 million investment - ie, the stock market.
MNM is the no brainer pathway to achieve that.
exergen are playing politics by only asking the Govt for a billion tonnes of bc in the LV. they cannot be seen to be getting half the states natural resources for nix.
but a billion tonnes in the S7 (which would be about 10 sq km) offers them, at best, a 10 year project life for their multi billion dollar LV export agenda.
that just doesn't stack up as a business model for a $2 billion+ investment case. especially as exergen themselves have previously stated that a 30 year BCE export project life is their business case base level.
on the other hand, if exergen merge with MNM and get control of MNM's unmatched 600 sq km of LV brown coal ground adjacent to the S7, they can then make plans to feed tata power's fleet of under construction mega critical power plants in India for the next what - 200 years?
the planning for all this started back in 2008 when MNM suddenly got a new MD.
a bloke called Ian Kraemer.
Who joined MNM out of the blue, and straight out of the heart of the exergen project...
MNM Price at posting:
11.4¢ Sentiment: Buy Disclosure: Held
