I like to add in a few questions if you don't mind.
Q1. If MEL is so great as you said then why it's directors sold down shares ?.
Q2. With all the current re-rating activities for all junior gas companies in the sector, Why MEL is the only one that is going no where?
May be MEL reserves are not good enough, or locations are not ideal, or localized and isolated from all the major demand points to be part of the scheme of things by the big companies, or may be MEL hasn't got a strong supportive institution shareholders for moving forward.
The market is always right eventually. May be MEL management do not know how to sell their projects to the right industry players. I don't know really. These are just my thoughts.
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