Hi opeth,my two bob's worth - again.MOU have coal, yes; plenty...

Hi opeth,

my two bob's worth - again.

MOU have coal, yes; plenty of it, yes; quality as PSI and mgt have noted, yes; cash , well sort of.
That's where I stop.
When the next lot of cash is required ~ some 6 - 7 weeks away, I'll consider jumping on-board; given where coal is vs market place; quantity ~ mind you, the lab details need to be considered - will / may dictate 'end-user' demand, given the amount of thermal coal available, incl in China itself.

So although some are advising now is a great time to 'top-up', imo, if you are already fretting about your current value,
you either jump off where at now, with mind to jump back in in due course;
or purchase more in a possible rights offer.

We've just been through this process at CEO/DRG, and even with a great resource, twas able to purchase more at considerably below market price. Could be same for MOU.
YOUR call though!
But I stress, YOU make the appropriate judgement based on your personal situation, and longer term plans.

Once quality, mine planning, and market responce for the coal, is determined, this one should gain well assuming all positive / tick the boxes.

PSI - really appreciate your calls on materials.
Interested what your thought is on other aussie MONO coal co's, eg DRG.

Cheers :)