mel needs cash, page-4

good post decripser.

i have been on the back of this thing for years and i dont need to tell you the outcome of that. I'm finding it amusing that we have now gone from explaining MELs low shareprice to factors such greenie action and uncertainty around govt approval to a management that puts out a raising at a possible 30% discount. One reason after another after another! Its boring now!

Surely this tells one that maybe one's money will be invested better elsewhere? Given the external factors have become more favourable, there is something fundamentally wrong when its stills trading at multi-year lows. How many reasons can one use to explain this trend in MELs shareprice in an effort to maintain some confidence in this stock? Its become almost delusionary thinking to assume that things are going to improve "eventuallY". Once again a massive opportunity cost associated with being invested in this company!