'Then I speak to a trusted broker friend and he tells me this run up is all about the court case and brown coal is of no value, but I keep coming back to why would Sedgman (Theiss / Leightons) Tata, and the Japanese + 1 be funding Exergen if there is no value in brown coal and the reduction process.'
My former trusted broker told me in 2001 when gold was around $300 per oz that gold was finished and had no future. I argued with him otherwise and stuck by my guns.
This broker is only seeing what is happening in the market at the moment and until the brown coal is pounced on by a big player he wont think otherwise that brown coal is worthless. This is the time to get set in the brown coal market while it is still in its infant stage. I havent used a full service broker in years as i found them all to be spruikers for either the top 50 or for rubbish small caps they had to promote and had already got in earlier. If brown coal does take off and get a "value" you watch the brokers hop aboard and push the stock well north of 50c.
MNM Price at posting:
16.8¢ Sentiment: LT Buy Disclosure: Held
