'Share price went to +-50 cents in about 2008 when we we purchased mt Mulligan, since then the price of coal has soared, CBM/gas is now in demand due to carbon tax'
Fakeshark
recent CSG policy decisions in Qld shows an intention by the Bligh Govt to force future CSG projects away from populated areas. This just adds more value to Mt M, which is out in the bush.
The level of mulinational investment in Qld CSG projects show it is here to stay.
Mt M access has to be worth a minimum 30c per share to MNM, and potentially multiples of that if drilling shows a 500 million+ tonne, CSG suitable black coal resource.
It will be interesting to hear if good old Calcifer have filed that long overdue amended defence yet. We should get that update by this Friday.
Hopefully any Mt M ann this week will also ann the signing of the fiurst 3 binding BM JV's with exergen. That would be a perectly timed double banger ann with the CR clock ticking.
The MNM SP should find 11c+ pretty easily if that happens as the cappers get out of the way. 11c MNM next week would have holders reaching for their cheque books for the 16 million 9.75c new shares with an in the money free oppie attached on offer in the CR.
MNM Price at posting:
8.8¢ Sentiment: Hold Disclosure: Held
