MEL 0.00% 0.4¢ metgasco ltd

maybe some other fish flexing their teeth, page-3

  1. 926 Posts.
    Good evening all,

    I just joined this site as a poster (but long time observer) and have been a small MEL holder for a long time but recently topped up (at 26 cents) and again a little bit with all the buying activity/frenzy.

    Firstly, thanks to everyone for all the wealth of information you voluntarily provide for free for the public record.

    This is the first time I have tried to post so please be patient with me.

    I have some observations which may help.

    I have really noticed a big change in the MEL thread with all the new shareholders coming onto the register after all the recent buying activity.

    I am most upset nobody as said this: " A great big welcome to all new shareholders of Metgasco and those of us long-term sufferers in the stock welcome the new blood and new wealth of research and reporting into this MEL thread".

    To me, as an outsider, I am disappointed new entrants have not been welcomed. The opposite has happened. They (often accused of being part of some ESG thread pack) have been criticised ad-nauseum for their contributions to our knowledge base here.

    Even that fantastic post above from one of our long-term holders (thanks Holy) has to have a critical dig at what he describes as "posters from the ESG threads."

    What is this? An exclusive club? Are people from other threads (who we now welcome) - note my key word - welcome -as new shareholders to Metgasco forbidden to continue posting their observations, using their own personality?

    Where is there a charter of rules and behaviour for the MEL thread which are different from other threads?

    Then we have have this rampage about "baseless ramping"? Forgive me again but isn't it in all of our best interest to talk up our company to all who are reading?

    There is a lot of male "argy bargy" going on here and Gunsmoke describes it best as "childish" behaviour directed at people who to me are going to a lot of effort to give us information.

    Now that I have got that off my chest, my take on Metgasco:

    Are they realistically going to stay independent? Or should I say, is it in the best interest of Metgasco shareholders for Metgasco to remain independent to the extent our management are able to turn a small market cap company into a fully fledged producer (with the help of partners etc)?

    I've suffered long enough, I would be happy to sell out to a larger group who are well capitalised to take Metgasco's reserves, commercialise the fields and sell the gas (using gas swaps etc).

    Management are giving the illusion of options, probably part of a negotiating process.

    I got a nice fill at 26 cents, I wonder how high Metgasco can go with only 1 party seeking a control interest?

    Thank you for reading and sorry if I upset anyone.

 
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