MTE metrocoal limited
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Ann: Goombi Maiden Reserve-Columboola JV , page-2

  1. Valin
    6,072 Posts.
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    19/12/12
    12:16
    Post #: 11206497
    China Coal (Sinocoal) 51% majority owner in Goombi. I don't think CAPEX is going to be a problem for some reason.

    Sinocoal renewed EPC1165 for a further 5 years. The permit now expires on 9 December 2017.

    They are apparently in talks with China Railway Construction Investment Co to build the railway joining Wandoan to Columboola.

    I think China Coal and or DADI could offer MTE shareholders around 40 cents per share sometime next year.

    You'll have to wait and see I guess.

    MTE Price at posting: 18.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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