Many on here have stated that they have not only subsribed but most seem to have over subscribed.
It is too early, with 4 days to go to cut off to declare that there has not been suitable take up.
Intersuisse came out a week or 2 ago and said that although triggers for out clauses had been activated they were comfortable to stay involved as underwriters.
Since then the market(so far)has stabalized and moved up.
One poster has stated that someone from Intersuisse said they decided to underwrite the CR based on their beleif in Ian Kramer and Exergen.
The Vic government seems to be keen to find a market for their ample brown coal resource.
India(where the Vic gov is setting up an office to help Vic become a trading partner with India)has an almighty thirst for coal and reducing their carbon emissions.
We have all been praying that Mantle would release some news in time to ensure a large uptake and indeed propel price above CR price before cut off date.
As per everyones hopes and Mantle's previous track record when oppies were due to expire, we have now gone into a trading halt.
So why all the negativity, lets think positive and assume that although wording of trading halt doesn't necessarily point towards positive news, that our awesome directors have again got something positive up their sleeves and tomorrow or wednesday we will all be smiling profusely.
That's my spin on it, and as the great Yazz once said, the only way is up, baby!
Good luck all
B Rubes
MNM Price at posting:
8.9¢ Sentiment: LT Buy Disclosure: Held
