MEL 0.00% 0.5¢ metgasco ltd

why mel will never see 50c again, page-3

  1. 214 Posts.
    If the SPP funds were to last 12 months...well 1/12th of the funds have been burnt already since the spp, and the price has gone backwards....

    Nothing is working in MEL's favour. Sentiment, time, coming gas glut, expensive csg, stranded resource, spp funds being cheewed are all working against MEL. It will be a miracle if it can turn the entrenched downtrend around before christmas.
 
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