global markets have stabilised and good ann's are being rewarded again.
if MNM are for real about the BM brown coal play, and are serious about getting the $1.5 million CR away and moving forward at BM then they have to sign off on the BM JV with exergen NOW.
If they can't ann that the BM JV is signed and binding by the close off of the CR on 2/9/11 they can't really expect current shareholders to subscribe to the CR at 9.75 given that is well above the current buyer pack, most of whom who are sitting at the low 8's.
If the CR subscriptions from holders do not arrive over the next 7 days or so then the fate of the CR is in the hands of intersuisse. My guess is that they will bail on the CR if the subscription rate is low, as they will see it as a barometer of low demand for the stock if the BM JV looks shaky.
its up to MNN and exergen, simple as that. deal or no deal boys?
MNM Price at posting:
8.8¢ Sentiment: Hold Disclosure: Held
