I was thinking about the size of the capital raising also Woy...

I was thinking about the size of the capital raising also Woy Woy.

The only explanation I can come up with is that ME probably has a negative view of the future economic climate and would rather be cashed up instead of having to raise cash again in the 2nd half of next year - who knows which EU nation will be bankrupt then?
Would be tough to raise capital in that scenario I would think.

This raising may seem more than necessary but I believe he is just being prudent in regards to uncertain times.


And lol some people need to reasses their reasons for holding a stock and not watch daily price moves and scream wolf - unless you're a trader then nevermind what I'm saying. Patience will be rewarded. Just remember, there are probably instos watching this Mongolian stock atm and would love to get the price low and if they can, they will. Don't be one of their victims.

I do believe everything is finally falling into place. Remember we're not even a coal company yet haha ....we're just at the beginning. Best of luck to everyone