I dont know how 107,312 would surpress the share price. The main problem is the wet, but the company are focused on their goal of proving the 2-3.5bt by end of 2011.
Their JV with Sino Coal got underway early DEC ( I'm wondering if they got some drills away during that time) suspended prior to Christmas and now looking to restart in Feb. 15mil in the bank, 30mil on th JV.
So it must be the rain and the waiting till Dec 2011 thats flat lining this stock. IMO a decent entry at this price for LT hold, they have good looking neighbours around them. I guess its a patience thing.
MTE Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
