Dear Ian,
I am contacting you today as a long term holder of MNM. I have taken up on SPP and increased my holdings as finances have permitted.
As a holder I have maintained my confidence and faith in Mantles management and the direction of the company.
My only concern has been the lack of updates on projects.
For instance, what stage are we at with Norton? We are now in Q4 with no production when timelines had this in Q1.
Morningstar, update on how this will be financed with payments imminent.
Bacchus Marsh/Exergen JV. Demonstration plant?
I understand that you will not be able to give me specifics on any of these projects but at the same time that you will understand the concerns of shareholders when they do not get updates. Even just to say that X is progressing.
I am excited by the potential of brown coal and hydrogen but just need to see one project up and running and cash positive.
I will be attending the AGM on the 26th of November but hope that some of these questions may be answered before.
Will let you know of response.
MNM Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held