MEL 0.00% 0.5¢ metgasco ltd

investment risk: two sides of the story

  1. 17 Posts.
    It makes funny reading to compare what metgasco says to the public media about the resistance it faces from the community in the northern rivers to what it discloses to shareholders on this topic. Question is which of these very different stories is the real story.

    Reading by their asx announcements and agm report one would think there was no social movement, no community resistance, had never been any blockades, or thefts or threats (and quite possibly there wasnt) and that the seismic work happened without incident.

    Surely shareholders are entitled to be kept informed of all those things the coy accuses the local community of, it might help them assess the investment risks and understand the depth of community resistance.

    Do most shareholders even know how many days work have been lost due to community resistance at the Glenugie drill site, (minimum 3 by my counting so far)

    And shareholders should be outraged at the CEO saying the lismore poll was 'fraudulent'. Really? fraud is a criminal offence involving intentional deceit to gain an advantage. Thats a very serious allegation. Was he accusing the lismore council or the australian electoral commission of fraud?

    The level of desperation that is driving this kind of public hyperbole from metagasco is further undermining the credibility of the coy in the local community. Remember the bot who cried wolf.

    Are shareholders expected to rely on north coast media to disclose details of investement risk?




 
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