Ann: MOU Preferred Supplier of Coal Briquettes , page-4

re: Ann: MOU Preferred Supplier of Coal Briqu... The mining licence is a given imo.

By this announcement, the Mongolian govt ensures that employment is provided not only in the mining extraction, but now in the construction of a briquette plant and the ongoing production process. Modun is working hand in glove with the govt.

I cant see a capital raising at all. Big money is needed to set up the mining and briquette plant. How could you possibly raise the millions needed at a discount to the current .008 shareprice. You would have to issue trillions and trillion of shares ( I can only see a capital raising if the licence continues to be delayed and MOU need working capital to keep ticking over in the meantime – but what do I know)

By this announcement the Mongolian govt has given every indication they want this project up and running and I’m pretty confident that a jv will be announced with or just after the issue of the mining licence.

Anyone know which company is behind the briquette technology?

As much as I would like to see the shareprice far north of here, the reality is that small cap resources have been slammed, people are selling because theve lost patience or/and they are clearing the decks for tax June30th, and traders can make a nice 10%+ with just a .001 move.

The mining licence and a jv announcement will change all that, and surely once the briquette off-take agreement is formalised it will be issued (just like I thought it would be the last 6months lol)