It had a big coal business that had a buyer. if anything they sold a year too early (could have got a lot more from the Thais).
SRQ is a now copper play (with tritton now a clean asset) and good exporation assets in NSW (from Goldminco) and in SA.
It also has a good and expanding gold production in PNG.
MBN is all Ni (not the greatest grade mind you). A huge upfront capex to ramp up and nothing much to show for. Still owes a tonne in debt and cash flow negative.
MBN Price at posting:
54.0¢ Sentiment: Sell Disclosure: Not Held
