MTE metrocoal limited
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There are some positive news in this report MP. How could the...

  1. orionwoo
    5,993 Posts.
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    29/01/14
    11:07
    Post #: 12864029
    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
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    lightbulb Created with Sketch.  Great analysis
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Currently unlisted public company.

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