There are some positive news in this report MP. How could the current SP and market cap justify this company...Nice to see that 2.8c loader is still there :)
-MetroCoal finished the year in a strong cash position of $7.85 million - cash backing being approximately 3.75 cents per MetroCoal Limited share.
-Exploration at Columboola Joint Venture is planned to recommence in Q1 2014
-Research and Development tax refund of $633,900 received in December 2013.
Top 20 holds almost 70% shares. This register is still relatively tightly held.
MTE Price at posting:
2.8¢ Sentiment: LT Buy Disclosure: Held