MEL 0.00% 0.4¢ metgasco ltd

what does the future hold now?, page-10

  1. 294 Posts.
    The board surely have an obligation to shareholders to unlock some value asap, particularly as they have one strike already and it'll be the AGM before they know it.

    'Bold' is a word that was used several posts ago and it couldn't be more apt.

    We need to bring in a big player who can afford to sit on the proven reserves for years if necessary. I bought in to MEL at 0.45, 0.40, 0.32 and the SPP at 0.20... in the back of my mind I'm telling myself that if the company offered itself up for 0.10 to whoever is willing to sit on us, then I'd accept.

    If we can somehow bring in a farm-in partner however, who can provide us with capital to explore opportunities further afield then that is the best outcome. Continuing as a single asset company is no longer feasible and I'd argue it never was given the risks we knew existed in the area.
 
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