very strange strategy , page-6

'We also know MNM has little presence in LV.'

What?

MNM have 569 square km of ground adjacent to the S7.

http://www.mantlemining.com/files/announcements/110505%20975320%20Latrobe%20Valley%20Tenement%20Granted.pdf

Which make MNM just about the biggest tenement holder in the key part of the LV.

Would exergen be interested in that mutli billion tonne stash of coal? Exergen and their backers have a 100 year+ view of the Vic brown coal play according to Bourne last night. They (meaning Tata and Itochu) want ALL the LV coal they can possibly secure. MNM's is already in their pocket.