Ah FM1600, the EXR holder doing the IVZ rounds - I guess you're wondering why your unconventional coal seam gas play is languishing at $150m market cap?
Well, the future isn't bright for an unconventional play in Mongolia. You know all that Russian gas flow that was going to Europe? Well, it's going to be routed through Mongolia with the Soyuz Vostok (Power of Siberia 2) pipeline at a hefty discount.
It's laughable that Elixir thinks they can bandwagon onto that pipeline when the Russians have oversupply due to European supply deficit.
I doubt anyone will be keen on an expensive coal seam gas development or supply.
There is one surety, if you want Lambo, steer clear of EXR's pipedream.
