we have jorn, page-75

'MNM will then consist of just BM which Exergen can reverse into leaving existing MNM holders with a minority of the new MNM/Exergen company and all of MNM2.'

you're overlooking the real jewel in MNM's crown EB, and the key exergen motivator to snaffle MNM - our 600 sq km of LV brown coal tenements that wrap around the southern section of the S7 like a boa constrictor around a fattened calf...

sure, perhaps they will just JV with us to get access to those as well.

but I'm still backing a reverse takeover plan.

that way exergen can list on the asx as THE key brown coal tech player in Victoria, and also lay claim to 100% ownership of tens of billions of tonnes of Victorian brown coal, and an offtake customer (Tata Power) that will take all the BCE they can ship for the next 100 years.

it looks like a compelling business model to me.

I bet it does to Dale Elphinstone as well...

And if they want to raise $2 billion to fund their LV plans, can exergen really stay in its present form as a private partnership and do that effectively? or at all?

i doubt it.

let's see what happens next.

(meanwhile, check out the post views P&D festival over at the kooky neighbours place tonight. just when you think you have seen it all...)