Grassy Mountain Coal Project Decision May Sound the Death Knell for Montem and Atrum Coal
Yesterday’s Grassy Mountain Coal Project Joint Review Panel categorical rejection of Benga Mining’s applications for the Grassy Mountain mine may very well sound the death knell for Montem Resources and Atrum Coal. Today, both companies requested that trading in their shares on the Australian Securities Exchange be stopped.
Before Montem’s request was accepted its stock lost 20 percent of its value. Its last trade was at 7 cents a share; Atrum’s last trade was at 4.7 cents a share. Read More