'Certainly wouldn't mind being an Exergen shareholder right...

'Certainly wouldn't mind being an Exergen shareholder right about now...perhaps our board can facilitate something along those lines for us.'

if exergen is to fund the infrastructure required to unlock the LV for export then investment in rail, pipelines and ports of a pilbara-esque scale will be needed over the next 10 years.

it is difficult to see their giant backers doing this under their present business model of owning shares in a private company.

listing 'exergen' on the asx looks inevitable.

the billion dollar issue for MNM SH is whether they plan to do this from an IPO (which will take 18 months or so), or whether they plan to backdoor list into their JV partner and 569sq km LV coal warehouse MNM?

Ian Kraemer moved from managing the exergen research project to managing MNM in 2008.

Then he went on a brown coal acquisition spree that was hard to work out.

What IK was up to is now crystal clear.

DYOR