what is going on, page-8

'Also made clearly was the point that Exergen's plays in the Latrobe Valley have no relation to Mantle's activities in Gippsland.'

exergen are either interested in BM coal or they aren't.

Exergen's website concentrates on the LV. It also hasn't been updated significantly for about 4 years.

if the focus for exergen as at December 2011 is purely and soley on the LV then wouldn't MNM be drilling its 550 sq/km of LV tenements now, and not be wasting time and money drilling and Jorc'ing BM?

I think we know enough to state that drilling at BM only makes sense if exergen are actually interested in the BM coal.

IK is a long time exergen insider. If BM were not part of exergen's export agenda he would know that very well, and would not be wasting MNM shareholder funds drilling it, and entering into compensation agreements with the locals.

IK has suffered a load of highly unpleasant adverse press coverage about the BM project. It is very hard to believe he is taking that kind of heat for no good reason.

If exergen only have eyes for the LV then he has been taking a caning over BM for nothing.

Based on my dealings with IK over several years I think he is far too cluey to be playing a mugs games like that.

DYOR