I'm feeling the pain, along with a load of other holders, I'm sure!
But the 'gut-feel' is still for a recovery, imo.
1. Management change has potential;
2. Latest 1/4ly has 'coal blooms' that haven't been reported to date; these are to be explored this year - I presumme?
3. All licences appear to have some value, whether it's coal at surface (already a good sign), or even other mineral potential;
4. SouthGobi licences could be quickly explored and mining licence applied for, given the precedence surrounding the holdings - maybe even a joint venture??
5. Media items coming through from providers such as :
http://en.sxcoal.com/165/0/newslist.html
have a positive slant for Mono coal;
6. Chinese Co recently buying QLD licence :
"Shanxi Meijin Energy Group, China's biggest private coke producer, is pushing ahead with plans for an A$3 billion-plus central Queensland coalmine that will rival the nearby plans of Indian mine developers GVK and Adani.""
There's still money in future coal resources, imo.
7. Coming into Mono Spring - now for the Mgt up-date !!
8. Mono Country Mgr Mark Dougan, has presented at earlier Coal Conferences, on how to deal with cross border / country sales, therefore one would assume he has the know-how, and contacts to get our Company started with licencing and sales.
9. With Company's new mgt having dealt with Republic Coal's take-over by the Japanese some time ago, would again think that they may have the financial connections to get our potential resource out of the ground, and gaining income!
Just some thoughts on where I see us to be, and possibly heading.
At least the market is anticipated to be strong for coal :
Mongolian coal to be shipped to S China via QHD -
http://en.sxcoal.com/165/86734/DataShow.html
Field trip to explore Mongolian coking coal resources:
http://en.sxcoal.com/165/86091/DataShow.html
Hubei to import coal for over 90% of its demand by 2015:
http://en.sxcoal.com/165/86054/DataShow.html
Cheers :)
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