mnm top 40 28 feb 2013, page-57

"Background
Exergen, the Australian breakthrough clean coal technology company, has engaged RFC Ambrian as its corporate advisor as it seeks to secure $100m funding for the construction of a 50 tonnes per hour (tph) pre-commercial demonstration plant in Victoria, Australia.."

This is meant to be sorted by March.....

We know that the four main Exergen shareholders Tata, Sedgeman, Thiess, Itochu paid approx 10 million for their 5% interest in Exergen....

This gave Exergen an approximate MC of 200 million based on approx 2 million per 1 percent....

Now, I am assuming that these four holders will want to either maintain their 5% holding or increase it?

They paid 2 million for their 1% so I assume they will wanna see the value of their investment increase?
I assume they will also want new investors to pay at least 2 million per percent?

I look fwd to more details at some stage. I assume that the Exergen MC/value will be more than the prior 200 million value once the funding is sorted??

I am pretty sure they have enough evidence to show new investors that a large chunk of the ALDP funding will more than likely be given to them?

I look fwd to the day we see confirmation of Exergen getting ALDP funding.
I look FWD to the day they announce the commencement date for building the demo plant.

One step at a time,,,Some will wait for the news and some will already be holding anticipating a good outcome like me...

Lets hope this is a good year for both Exergen and MNM because its just not right that Exergen is valued at 200 million plus and MNM is valued at 12 million....(MNM is free carried on demo plant also,,,market is giving us no value on this either)

We share one common project which IMO is Exergens main, most advanced BCE project which is not to be sneezed at with numbers like 20 MTPA...

Nothing guaranteed but many hurdles have been jumped already. As new hurdles are jumped and we get closer to the 20 MTPA project, MNM "should" rerate accordingly IMO...

I think we due for a HUGE retate based on the hurdles already jumped so I hold tight...

Bring on exergen funding, ALDP, S7, demo plant, more BM drilling....

Some CSG at mt Mulligan will be another potential Company maker if that happens...

How about more gold at CT,coronation......we have to hit the lotto sometime?

yewwwwwww