Back in April/May 2009 MEL was trading at 1.50 yes you read it right @ $1.50. They have since found and increased their gas holdings and have identified more potential producing wells. David and Glenda have gone because it was felt that we needed to bring in "experts" to take us to the "promised lands" and get the Co. ready for us to become a commercialsupplier and explorer of gas for NSW.
So where are we now that we have the so-called highly paid experts on board, wait, let me tell you......... no now wait, for it.... YES its 10.5 - 11 cents per share. Go figure it - I am so pithed off this position. PS Just hope Glenda and David got out early ?????
MEL Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
