MEL 0.00% 0.5¢ metgasco ltd

suspending some!, page-51

  1. 926 Posts.
    It's not the 2km zoning they were particularly concerned about.

    There is some scientific impact study which needs to completed - due in July and then there is a whole range of extra regulatory conditions (dealing with the EPA etc) which also need to be met.

    The problem is, none of the public servants know what is going on!?!?!

    There was no consultation with industry so this process is going to waste at least 6 months.

    6 months of sitting on our hands?

    Lots of cash burn!

    Afterwards there remains uncertainty as to how all the regulations will work - so another period of time before things can move again.

    Before you know it, federal election is upon us.

    Metgasco have done the prudent thing here, if you think you can sit at a table with government and suddenly have everything wrapped up in a few meetings, i'm afraid that is not the Australia we live in....

    Skinny, this isn't an attack on your opinion. Remember there are a lot of shareholders down bucket loads of money who are all in the same boat.

    A good time to vent your frustrations on a NSW MP if you ask me. :)
 
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