Fakey, this was discussed before. AECL was given an allocation over 10 years ago and absolutely nothing has happened. The Victorian Government would have to be absolutely mad to given them another allocation to sit on.
The reason is that AECL has actually been bought out by Anglo American. My theory is that they are foreign owned multinational simply land banking Victorian brown coal resources.
If State governments didn't give away or sell cheaply large undeveloped resources like this to foreign companies then there would not be any need to a mining tax to get this back again. Ahhh the stupidity of it all....
MNM Price at posting:
11.9¢ Sentiment: Buy Disclosure: Held
