Buddy, just for balance, let me say that MPO has some very basic differences to the situation of MEL - especially now that the vote has been completed.
Yep, MPO is pretty much a cash box.
But the really big difference, and the one which needs to be accounted for, is that MPO has been hit with a variety of big legal claims in Canada.
Naturally these quantum of any potential settlement of these legal claims, and legal costs, need to be discounted from the value of any cash on hand.
Also, a big factor in that comparison of MPO with MEL, is that MPO simply cannot distribute a big chunk of their cash, nor take it out of Canada, in case those funds are required to settle any of those legal claims. If the MPO directors spirited-away those funds, they might end up in gaol.
naturally, MEL now does not have any legal issues hanging over it, so the Board is free to do what it desires. (whilst they are there of course).
cheers
MEL Price at posting:
5.7¢ Sentiment: None Disclosure: Not Held
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