MEL 0.00% 0.5¢ metgasco ltd

suspending some!, page-19

  1. 155 Posts.
    mel's management is a disgrace.

    the last 2 anns were unnecessary.

    all it had to do was keep its head down.

    BOF had police on the ground.

    burke gave them a scientific pathway.

    what did PH think would happen today?

    the SP would rise because he was talking tough?

    i spoke to PH last week.

    he still didn't know what percentage of mel's business was effected by BOF's rules.

    so why's mel stopping operations - based on an unknown - and after they've spent $100m in exploration?

    if you're BHP - that's fine - but when you're a small company like mel, who hasn't got a lot to show after a number of CRs, it doesn't make financial sense.
 
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