The Company has continued to progress its resource asset review and development program. The focus is currently on high quality coal assets primarily in Mongolia and to a lesser extent Indonesia. Asset Review The Company?s Managing Director Mark Earley has made two visits to Mongolia in recent months to pursue these opportunities. Mark has made significant progress and the Company is currently in advanced negotiation with a number of parties integral to identifying and developing opportunities. The Company plans to leverage its reach into Mongolia by using this partnered approach. The Company has also started negotiations with a party in Indonesia to undertake similar opportunity and asset reviews.
----------------------------------------------- I guess we were all looking forward to hearing some sort of update on these matters in this quarter just gone.. So what are other holders view? Top secret discussions ongoing? Indonesia current focus? Mongolia still afoot..
CEO Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
