The market appears to love companies with coal assets in Mongolia - check out TVN & CEO. The latest research I have suggests it may be after the 2012 Mongolian election before our licencing issues are resolved. In the meantime it looks like Xinjiang could be our first deal, and hopefully the next newsflow out of Beijing office will clarify exactly where we are at. the story so far:
19 Oct 2010 - due diligence well advanced with potential vendor large thermal coal project
31 Jan 2011 - active discussions with vendors ....due diligence well advanced and commercial discussions & DD ongoing in next qtr
29 April 2011 - the company has commenced commercial discussions with the vendor - this ann does not sound right as commercial discussions began back in January if not before then.
We deserve better than this.
The market appears to love companies with coal assets in...
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