Zarra, If Exergen wanted to raise cash and benefir from a SP rerate, what better time than before the unfolding of the ALDP, building of demo plant etc etc...They need the greater market to buy into this new sector in order to raise the cash and grow into a powerhouse.
This should be confirmation enough that Exergen is confident in ALDP funding and the BCE sector?
Why else would you list if you did not intend to build a huge mine?
I agree with hardman,,,great news
Exrgen has pretty much bought a shell company which is why they get 87.7 % of shares. The main holders will all be loaded up just like the MNM management and top 40...
MNM Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held