like to see your opinions, page-6

For me after reading the announcement I thought,It looks likely they have restrictions that I didn't expect ,eg It seems that mining the coal is out.The 500mts of coal=X amount of $ That I was factoring into the future profits of the company is gone.Sure I also thought positive about the csm but I was jumping to the conclusion they could do both ,Mine a percentage and go for the gas in the majority of the area.

The coal mining seems to be no more and I think the drop in share price has reflected this.

I might add when I told a friend who is interested in investing about mnm one of the things I harped on about was the value of 500mts of coal = a heck of a lot more than the current market cap.

Yes I know the coal seam gas is worth a lot, if it is there and it is the greenest and most culturally responsible to the traditional land holders.It actually makes me feel better about making money out of mnm because coal burning is a dirty business.

Anyway to sum up what I think.
You can't take the coal mining away without it affecting the share price.
The phosphate ,uranium,gold and csm still gives mnm a very bright future .I continue to hold for the upside.

Kongg.