reasons for topping up?

With a top 2 holder recently adding 5mill shares to his/her already substantial holding, and 2 directors looking likely to do the same very soon, I thought I'd look at why now could be the time to top up.

We all know ALDP RFP to be submitted soon with funding winners announced in June.

We all know Exergen's intentions were to apply as per the RFC Ambrian flyer for their $100mill cap raisng which is earmarked for March 2013 completion.

http://www.rfcambrian.com/sites/www.rfcambrian.com/files/mandate_documents/Exergen%20flyer_0.pdf

We also know S7 applications for competitive tender will be around same time as ALDP results known and IK has hinted at possible Mantle participation which is unlikely to be done on their own. That should mean either an Exergen deal in the LV or possibly a new large partner from left field who has an involvement in BC benefication.

Exergen have made their intentions clear as far as LV and BM is concerned as seen in the following from their website -

Current activities fall into four broad categories:

*Pre-Commercial Demonstration (or Demonstrator) plant preparation, permitting and design;

*Pre-Commercial Demonstration (or Demonstrator) construction and commissioning;

*Proving trials and equipment campaigns to validate performance and confirm proof of concept for further commercial scale-up;

*Other R&D priorities that add value to our products.


Exergen's vision is to develop, commercialise, licence and continually improve its breakthrough technology to enable brown coal-dependent economies to meet their energy needs while substantially reducing emissions, water consumption and costs.

To achieve our vision the current key activities are being undertaken.

*We are progressing the design, approval, construction, commissioning and operational proving of a Pre-Commercial Demonstration (or Demonstrator) Scale CHTD coal upgrading plant.

*We are continuing our research and development of CHTD coal processing and associated process steps including water treatment, gas treatment and dewatering (including via mechanical expression).

*We are progressing a research and development collaboration for DICE technology.

*We are securing our intellectual property from the focus areas of our research and development efforts.


Demonstration Plant

A 50 tph demonstration plant is to be built in a yet-to-be-determined location. This facility will scale up the plant designed at Beaconsfield and will prove the commercial pathways necessary to complete the design on the commercial facility. The plant will take about three years to design, permit, construct and operate for a sufficient period to complete the required test work. At the end of the demonstration phase the pathways for power generation and export of product will be completed.


Bacchus Marsh

Exergen has established a joint venture with WA-based exploration company Mantle Mining Corporation Limited (ASX: MNM) to develop the historic Bacchus Marsh coal deposit in country Victoria. The JV has been awarded an Exploration Licence (EL 5294) and following a recent 15-hole drilling program the partners are expected to announce a JORC Compliant Resource in July.August of 2012. Exergen's goal is to develop a long-term mine plan and CHTD processing facility which will underpin an export-based coal operation with established rail and port infrastructure.



So, with directors following our large holder and long time supporter and topping up is now a good time to be investing in or averaging down MNM before what should be a ground breaking year for our little Co?

I would like to think those directors have a good understanding of the Vic Brown coal space as well as the Exergen tech and any other potential that our LV tenements carry with them so IMO yes it is.

Good luck holders and as always DYOR. All above is IMO only.

cheers
B Rubes