disgrace management, page-62

I posted a news link with facts...but seems you want a debate?...ok just this once.

"would that 'perrrfect' mine be the maddingley coal mine in BM?"

BM is likely in the same catagory as LV. Nothing is certain...a long way from it - I dont doubt the coal is there - but how long will it take to define a resource and deal with all the enviro resistence?....many moons which MNM acknowledge below. Investors cant invest based on "coulds" and "uncertains"

"EL 5294 could contain an exploration target of between 1 and 2 Billion tonnes of brown coal"...

"Even so, the Company still wishes to note that the potential quantity and grade of the Brown Coal Exploration Target is conceptual in nature, that there has been insufficient exploration to define a Mineral Resource, and that it is uncertain if further exploration will result in the determination of a Mineral Resource"

"you know, the same one that supplied 20 tonnes to MNM for a bulk sample test last month, the same coal that has been proven to work using the exergen process?"

ESI went through the bulk sample process years ago. Investors want to see it burnt in large scale test burns....btw - if Exergen could have cut it in the LV with an existing p/station...you would be in the gate....but for some reason no LV p/station wants Exergen tech. Tata etc were powerless to sway things either. Coldry/Tincom/LYP...well....

"the same mine owned by what were once large holders in ESI, but are now selling out as fast as they can?"

Callejas own plenty and are not selling out "as fast as they can"....more misleading rubbish!

"and as for you drawing some comfort from IK saying possible mining in LV is 3 years away - err, the exergen plant is projected to be built by 2014 - you do the maths mate."

So you dont believe IK!!...actually he said 3-5 years. Do you really think they are going to build a plant before they have a defined resource??

I dont see MNM as a competitor to ESI - as Ive said before imo it would help to have a coal drying industry that can work together where possible.

I asked .... "Are there any definite dates/time periods for BM to be even drilled?" in my earlier post. No response yet? - If I was holding MNM, that would be concern No1.

What I and others disagree with is the strettttching of the facts that has been occuring on this thread in recent weeks....and in your post just now.