dudded, page-5

Your a glutten for punishment navygulf.Even at 2cents its not a bargain.Wet season is just about to begin up north,so dont expect any drilling on any of the qld projects for the next 6 months at the least,so no rerate comming from there......and bc pilbra funding already running way behind original schedule is not a good sign at all.I will be surprised if the ALDP goes ahead at all,with the coal price where it currently is,and the carbon tax about to be repealed removing a major incentive to clean up brown coal.Presonally i dont think mnm has even one decent project that will ever come to fruition.MNMs only hope is to select some new projects,but the current managements track record of project selection has been absolutely horrible,and i dont believe they have the nouse or right connections or funding to aquire a company making project.MNM board of directors needs a cleanout IMO,as they really have acheived stuff all since this company listed,apart from raising capital to pay their own wages.You will be throwing good money after bad chasing this thing lower and lower Navygulf.Be carefull.All the best anyways.