MTE 0.00% 3.0¢ metrocoal limited

i am sad to have bought mte at the wrong time ,i see no problem...

  1. 202 Posts.
    i am sad to have bought mte at the wrong time ,i see no problem of the companies fundamentals .
    With the increase in mining tax it just makes it so difficult for companies like mte to grow , there are 10 different coal and other mining companies desperately looking for foreign investment and with the new tax it makes australia a Sh@@ place to invest , they rather put their money in say Congo , yes it is risky but they can get away with 10% tax, cheap labour cost, less permit hasstle and chinese know that very well .
 
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Currently unlisted public company.

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