sp was brought down so they could buy into it, page-5

Hib,

Doubt that very much. What you describe-shorting stock to buy cheap-is illegal. Not saying it doesnt happen, but rare I would think. And not ERM's style I would have thought.

Problem with MEL is too many dumb shareholders who cannot see the goldmine-like all those who sold down (probably to ERM) to 28 cents over last week. (and too many inaccurate sledges of MEL on fora like HC).

I for one welcome the broadening of interest and confirming due diligence which ERM brings. Very pleased they have sucked up 19 million shares from dummies, and wont likely sell for a very long time, unless for a cracker.

And given ERM has been frustrated with ESG, I welcome their GSA potential. They now own most of 330MW Oakey power station, 150 kms west of Brisbane, which doesnt run much yet but may well in a few years, requiring heaps of (expensive MEL) gas, when the current AGL arrangements expire Dec 2014.

Would ERM have any grander plans for Casino power?

To ERM and the (St) Baker Boys, welcome guys-many of us share your view on value, and there is plenty of gas to go around.

Favre