We are in the month of April and still no news on the Mel front, to give some hope too long suffering shareholders. I am naughty as I dumped all my shares in Mel and told my sis to just hang on.
Today I am feeling very sad for all Arrium holders. They tried to diversify their business and it backfired with the low iron ore price. I may not hold in any shares in the company but I do recall the good Onesteel days, and now due to management stuffups ordinary mum and dad investors have lost all their money and Whyalla in SA, is heading to become a ghost town. Now ford, holden, toyota gone in SA. Who's next Santos? The Govt is happier looking at opinion polls on their popularity, rather than fixing the rot downunder!
MEL Price at posting:
5.4¢ Sentiment: None Disclosure: Not Held
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