MTE 0.00% 3.0¢ metrocoal limited

Ann: Bundi - Juandah Projects Resource Announceme, page-4

  1. 6,072 Posts.
    re: Ann: Bundi - Juandah Projects Resource An... 1914,

    I don't contact companies anymore because they just tell you what you want to hear. It's always good, isn't it? These days I base my investment decisions on announcements and my own research. At the end of the day, the company cannot tell shareholders who ring up anything more than they have announced.

    Anyhow, my point was this (I was probably being ambiguous myself).

    Some "current developments" has made them change the resource to underground mining. Juandah (MDLA406) is part of EPC 1164 which is up for JV.

    Does "Current developments" = Potential JV bids for EPC 1164/1251?

    I am just trying to interpret the underlying message in the announcement. I'm thinking that the project(s) may be more attractive to a potential JV partner by including Juandah as an "underground mining" resource rather than a UCG resource?

    I could be wrong. Hopefully we find out by the end of the year.

    :)
    Nic

 
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