They did confirm that they were doing the rounds
--
MTE advised the ASX on 22 March 2011 that it was gaining and seeking expressions of interest for a Joint Venture partner on the 100% owned Wandoan area tenements. The process that MetroCoal and its corporate advisors, Caldrex Capital, have initiated is as follows:
1. Receipt of initial Expressions of Interest;
2. Marketing Presentations to visit interested parties that are currently underway;
3. An on-line Data Room made accessible following the execution of Confidentiality Agreements;
4. Requested receipt of Non-binding Indicative Offers late July 2011;
5. Requested receipt of Formal binding Offers late August 2011.
--
Looks like a deal will be signed late August / early Sept... not too far away.
Throw in a resource upgrade on Bundi and perhaps an update on Columboola between now and then, and you'll have a $1+ share price in 2 months.
- Forums
- ASX - By Stock
- MTE
- fyi
fyi , page-3
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MTE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online