I am reasonably confident we will not have a BDG scenario. You are comparing gold deposits with coal seams. From what I understand, the BDG scenario was a manifestation of a reasonably well-known issue with geology of certain gold deposits in that region of VIC. Bowen Basin coal methane permits, on the other hand, I would place at the other end of the risk spectrum.
I think recent MPO weakness reflects in part the identity of the holders. I was concerned when I bought it that is was the most active forum on Hotcopper, which pointed to too much 'hot money' for my liking.
Just my 2c, happy to be corrected on any of the above. I think the thesis is unchanged...with a market cap of only $150m, MPO remains decent bang for the buck given the projects in front of it.
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