todays announcement, page-70

I know a few of you around here have dismissed me as a down ramper, or not a true believer that some of you appear to be. Personally i don't ever fall in love with a stock, and am happy to say so. All of my eggs are not in this basket, and have plenty more going on then just MNM.

For those trying to pin absurd valuation methods on me, are you going to come back with your quotes now?? Is eerily quiet on that front.

Having an opposing opinion on the short term merits of a stock, which i own, should not ruffle the feathers of those who do not hold my opinion. Buy and sell for your own reasons, and be happy with your decisions. If anything, opposing opinions should allow you to re-visit your own investment decisions, and do whatever from there.

Many of you will say "if you are not happy, sell". My reasons for holding are mine alone (as are yours), and as a holder i reserve the right to be disappointed from time to time, as some around here reserve the right to be permanently bullish. Even if people consider that out of line.
(As far as I can see, MNM have successfully paid their directors on CR's for years, and nothing more)

In all of my previous posts I pointed out that MNM has a huge distance to go to get anywhere near production, and turning a dollar. And this was for the benefit of the new or interested investor.

Today was not a company making announcement (no matter how many shades of roses coloured glasses you want to put on).
Neither will the next one on testing be, despite others here putting a positive spin on today (yes, they dried some coal!), and now conveniently moving the goal posts to the next announce on testing.

For all new and interested investors, beware of those who got in at historic lows are particularly bullish. Due your due diligence on MNM, rather than listening to the overconfident rampers. Particularly those that need to dissect an announcement so far apart to find anything positive

Points to consider:
This is still coal, which has a bad name.(google "close hazelwood" and see what people think of coal)
The tech is not proven on commercial scale.(see announce)
There are no customers yet.(how can there be for an unproven product)
There is no infrastructure nor large scale processing in place.(see next point)
There will be more dilution.(see last point)
Production is slated for 2014.

Now ask yourselves, where is short term SP growth going to come from?

Make no mistake, MNM dried some coal. That is all.

My sentiment is for holders to hold.
I see no reason for new investors to buy at present. Tick off some of the points I have raised, and a case to buy might be made. Unless of course you want to park your money somewhere for a while.

And lastly, from the first page of the announce:
"Note that CHTD is in the development stage and is yet to be demonstrated at commercial
scale. As such there is no guarantee the technology will be proven at commercial scale or that
Bacchus Marsh will be fully developed.
# Note that the potential quantity and grade of the Exploration Target is conceptual in nature,
that there has been insufficient exploration to define a Mineral Resource, and that it is uncertain if
further exploration will result in the determination of a Mineral Resource"

Good luck to all.