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0.00% 0.3¢ moreton resources ltd

Forgotten coal play

  1. strauss
    22,120 Posts.
    lightbulb Created with Sketch. 20
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    16/09/16
    11:53
    Post #: 19202726
    This one is not without its risks, specifically funding and that issue with ATO over past R&D claims for UCG but it does have a few decent deposits on the East Coast of Aust being a mix of thermal and semi soft coking coal surrounded by majors and good infrastructure

    Development funding is the big hurdle for this spec as it is with all of them but if they could somehow secure some sort of JV funding we could see this one turnaround from its lows

    In for a punt based on Coal hype
    MRV Price at posting: 0.4¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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