I received news that Co should be in a position to update the market "shortly" re-calcifer/mt mulligan. Fingers crossed for good news and not further delays to what seems to be inevitable.
I like this part of westtiger's post -
"Bandana energy(BND)have 6 bidders lining up to buy them out at the moment.They have reserves of 1.4Bil tonnes of thermal coal and a market cap of close to $1 Billion.All things being equal,this should value Mt Mulligans 500mill tonnes at 350 mill........That would value MNM shares at $1.75per share if the price the market is valuing BND is anything to go by,and that is just for mt mull...........
Bring that on!
B Rubes
MNM Price at posting:
9.3¢ Sentiment: LT Buy Disclosure: Held