It might be worth checking the Linc Energy news today about the first production of the coal to liquids from their chinchilla operations. As far as I can understand the process, for Mantle, they might use the technology Linc are using which allows conversion and transport of product with higher value, less bulk etc. There are a couple of products we should be thinking about....coal/ methane......gas to liquids....and further down the track, traditional coal etc.
On the phosphate front, once again, I understand their are several methods of extraction/ processing and product transport options for Mantle.
MAK had a presentation out this evening, which I haven't read yet but I think it's an investor or shareholder presentation. Will have a look in the morning.
MNM share price looks to have bottomed last week and as volumes increase, the shareholders who are forced to sell and can't hang in there because of personal financial circumstances, should allow them to exit as the price increases as it invariably will. The big gaps between price levels on the sell side today are indicative of the pending increase in share prices. A blanket can be thrown over the small number of shares for sale they are so few and far between.
Now that we have movement at the station share price wise and a more positive scenario in Australia, as the media gets to understand that we are fundamentally very much better at managing business and the economy than the Americans where to from here with Mantle as Australia gets back to serious business......If the share price is trading next week in the 10c to 15c ranges, the momentum could see 20c next month as the dust settles on the global credit issues and the tail is pinned on the American donkey. ( and don't they need a proverbial size 10 boot up the ass for what they have allowed the big financial institutions to get away with). Australia is the best economy in the world thanks to good financial management over the last 10 years and we have many reasons to break away from the cold that the U.S. has brought on around the world.
News? Ian seems to be very cautious so I expect that when we do get the news it might be a surprise how far we are advanced.....the old under promise and over deliver philosophy to management.....
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