1st quaterly report, page-14

Just noticed that the obstinate seller at 7.3 c is still taking the order off every night. Why does the seller bother? No volume has been through Mantle for a long time this stock is being held very firm. The days of the odd seller dropping into the buy orders seems a distant past. Long term holders are loaded up and just sitting patiently for the news flow.

And it will flow. From our neighbours latest update, the ALDP still exists and would appear not to be a victim of the federal Labor razor gang cuts. But then it probably never was going to get cut as it was a joint fed and state grant and it had been stated that in the FAQ that the money was there and wouldn't be pulled.

The change of fed and state political leaders was inevitably going to cause delays but the cynic in me now says that the media rollout of the BC Pilbara and ALDP grants will come amidst the election campaign. As the BC Pilbara is about jobs and growth and revenue. And it will be cleaner and greener than black coal thereby send a challenge to the green parties.

Can't wait for the election to be called. Then we will probably see the Exergen prospectus and hopefully some LV tenements granted to Mantle when the Vic govt starts promoting the new brown coal industry.