Another aspect to our 'prospects' going forward, is that CEO has: # mgt with a vested financial interest in the Mono and Indo licences, with Mark having multi-million s/h, + 45 mil option agreement; # Mono licence holder / seller retaining an interest via royalty arrangement (considering to actually have the licence in the first place would have been a deal with the Mono Gvt, I'm assuming); # Core of coal quality / depth / length / location from ground level is World-class : in my gleaning of local and global coal stocks, I couldn't find an equivalent - yet; as a side issue - imagine if CEO had such a core result here in the Hunter, or Bowen Basin, for example - we'd be far higher in cap value, imo, given what has been discovered so far; # Our 'on-ground' team in Mono have a direct interest in whatever licences are secured - see Trinity agreement; if they don't suceed, it jeopardises their potential income, however, these guys have a history of dealing in that region of the world - who better to have on board in our team! # Appears that the Indo agreement may flow in similar manner, of which at present is in full review of at least 5 licences in Coking AND thermal coal region; with our Mark's experience in Indo, I would remain positive, and have an expectation that what transpires, will be positive.
Please dyor; just giving my two-bob's worth.
Cheers :)
CEO Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held