where to from here?, page-5

Hi ML

We have all had these (and worse) situations when it comes to investing in the tiny end of the oil & gas sector.

If you feel terrible looking at it.....then don't look at it.

If the qualities that made MEL attractive initially still exist for you then the only variable is the current market price...it will take time to move up......maybe time for the bottom draw and forget about it.

I totally relate to your feeling ill now but there is a worse feeling....selling out and then they jump...now that is a sickening feeling.

I recall the old ESG, many a time I felt sick about holding that one but kept on buying and persevering with it. Now I feel great about ESG and Santos is the one feeling a touch sick!

All the best

Disclosure: Have been buying from the low 20s to the high teens and participated (partially) in the SPP - I expect it will pan out into a takeover for a few multiples of my average price - my view only.

regards