as at 3 Jan 2012, 6,221,157 options @ $0.20 conversion.
As at today's final, I calculate a shortfall of only 56,111 options not taken up. Happy for someone else to do the check.
My calcs then, is we have an additional $1,233,009.20 in the bank (from start of year). (6,221,157 - 56,111 = 6,165,046 @ 20c)
Add Trinity's contribution - $.....
Financially, we're looking reasonable, imo.
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Now for the summary of the COAL in-ground .. :)
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On the issue of Mono Gvt control, the likes of Ivanhoe, etc I believe are positive about the future of Mining In Mono, given that Mono needs the experience, finances, and staff - to find, mine, and process what resource is in-ground. Think there's some opportunity in this hype for great investment, imo - dyor. Mono, as well as Aus and other countries, have a right to some control of activities with-in their borders. So nothing new really. The Aus gvt is slapping new taxes here, but stocks aren't reflecting doom and gloom. The fact is that the Mono Gvt is in discussion, it's not law; add the fact that a timing factor may also play a part, as has happened in Indo. Hanging in there.
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On Chalco, who seem to be stirring the pot a little, with the purchase into South Gobi + Winsway : http://www.reuters.com/article/2012/04/24/us-chalco-winsway-idUSBRE83N03620120424 + Take-off agreement with Tavan Tolgoi : http://www.bdsec.mn/test/files/mis/Erdenes%20TT.pdf
... I believe Mono Gvt have the right to a few queries !! So I'm sure things will get better, once the dust settles (pardon the pun after looking at latest Draig report's site photo!).
Cheers :)
DRG Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
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