bit of reading...between the lines, page-73

Thanks BD but as I said not my own work. Seeing as though you found it helpful and interesting here's a little more from VHM, again not my work -

"lexmark has kindly pointed out that the 'Anil' from tata power referred to in the correspondence between exergen and the Victorian Resources Minister disclosed by crikey.com.au under FOI yesterday is this guy:

http://www.tatapower.com/media-corner/pressreports/press-report-12-jan-12.pdf

Anil Saradana is the MD of Tata Power, one of India's largest coal consumers. Tata seem to be taking their exergen fronted grab for a lock over hundreds of millions of tonnes of BCE product for export for the next 100 years very seriously if the boss was instructed to come down to meet the Victorian Govt in OCtober 2011.

Tata Group are part owners of exergen. Tata Power is part of Tata Group.

http://www.tata.com/company/profile.aspx?sectid=xQwL1zJSDeg=

The Tata Group have annual revenue of around $US 100 billion, and employ 425 000 people in more than 80 countries. Tata are India's largest, and most respected corporation.

Which is, of course, why Ted Baillieu and Co not only met with them in Melbourne, but then scurried back to India in February this year to see them.

The Victorian Govt know full well that Tata's engagement is the key to developing a BCE product export industry out of Victoria.

The infrastructre spend to open the LV for BCE export is in the billions.

Tata/Itochu/Sedgman/Thiess/Elphinstone (exergens owners) are the only named players involved with the muscle and experience to guarantee delivery.

And Tata are doing that business though exergen, which is part owns, and which it already has an 8 million tpa BCE offtake agreement planned to start in 2014.

And exergen are MNM's JV partner.

And former exergen project manager (and senior Thiess coal engineer) Ian Kraemer is now the MD of MNM.

And the minute Kraemer got to MNM in 2008 he set about pegging prime brown coal tenements adjacent to the S7, and in BM.

The same S7 that exergen want a prime coal allocation in...

All just co-incidences?

Sure they are...

MNM has been earmarked to be reverse colonised by exergen. They will have to take exergen public to counter arguments that the Govt is just giving coal billions to rich private businesses.

By using MNM to go public participation will be open to all. And, voila! It just so happens MNM has a handy 2 billion tonnes of coal at BM! And another god knows how much at 569 sq km of prime LV bc ground...

Very handy that, for a business that is spending billions to create a new brown coal upgrade and export industry.

Of course, existing MNM holders will get their seat at the very fruitful exergen table as part of the merger process. And what will those exergen shares be worth on listing?

How will you set a market cap? $1 billion? 5 billion?

And didn't I read somewhere that both exergen and dale elphinstone (a key financial backer of exergen, and Qld coal seam gas king pin) were taking advice from the samne specialist merger lawyer?

And, hang on, doesn't MNM have a 500 million tonne CSG project waiting to go at Mt Mulligan in Qld?

And haven't Exxon just dropped anchor at ignites tenements in Gippsland to explore for CSG?

And, whoa... those ignite tenements are RIGHT NEXT DOOR to MNM's huge tenements in the LV?

You reckon Dale ('the Elf') Elphinstone knows anything about that little lot?

Why are you getting merger advice Dale? You haven't merged any of your businesses in decades?

Yet both your key investment vehicles - Elphinstone Pty Ltd and William Adams are on the same list below:

Together with another very familiar name - exergen. Why do exergen need merger advice?

No MNM mentioned on the list of course.

They will have to get separate legal advice of course.

http://www.komlegal.com/main/page_our_clients.html "ends....

Lexie, thanks for your input. Very good summary above and with MNM continueing to use the line "JV being actively progressed", very bullish IMO. They are bound by law to inform the market and share holders if that active progress is not continueing.

DYOR

B Rubes