MEL 0.00% 0.5¢ metgasco ltd

why mel will never see 50c again, page-9

  1. 505 Posts.
    Hi Lilac,
    I think Epw's ceo stated they had no intention of using Mel's gas as they are hoping to have their own suppy.
    They may do a joint power station and a joint pipe line to market but that;s it.

    I am not sure Metgasco are still going ahead with their plans for a local power station are they?
    There is every likelihood there will be a growing demand for gas but because of the cost to get Mel's gas to market, I cannot see a huge upside to the sp.
    We can dream all we like but reality is starting to slap us in the face.
    Just ask Wcl holders.
    Cheers
 
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