This is a backdoor listing. Trinity has the leases, and float...

This is a backdoor listing. Trinity has the leases, and float the assets on the ASX through CEO. CR to raise money to purchase the leases, a change in business, a name change, consolidation to attract the top end of town and away we go.

SP is suppressed by someone who wants a share of the pie. Usually, this is a good thing, but ME and company thinks the leases are too good to be given away at this stage. See the SP action at the close, someone make sure it close below 5c.

Time will tell. Soft coking coal, near the Chinese border is a very attractive proposition. ME and company will prove up the resource and then go for a major coal player.

My thoughts.