The two ann this week re tech and coal were always going to be sold into because they dont deliver any certainty.
Tata etc are never going to commit until there is certainty re coal/tech....years away.
Most importantly, the market wants to see MNM prove they have coal - drilling is yonks away and then there is the enviro tussle.
Secondly, the market wants to see MNM prove BCE in large scale test burns...learn from the ESI experience. At this stage MNM have bulk samples - they cant prove commercial scale production in any way.
MNM's Exergen jv is in its infantcy...it all takes time...
MNM do have other projects - but the sp rise was due to Exergen.
MNM are in the same emerging sector as ESI - so I will be watching things closely.
pilot plant trial a success!!!, page-64
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