I agree stumpy . I did mean to say that MAY would jump to at least 1.5 plus cents not 15 cents though , but think it is more likely to be 2 cents plus . If MAY did go to 5 cents I cannot see MAY's shareholders agreeing to the deal on the proposed terms . I do agree if the verdict is thumbs down for Beehive that MAY does not have much chance . The really tricky decision would be a TO offer before the Beehive decision . I would have to think that one through depending on what MEL comes up with .
Anyway you look at it , things are a lot brighter than they were at the time of the SM54 plug and abandon notice .
MEL Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
