..very good point ......so does that mean the BYEs won’t get distributed till after possibly another couple of wells....which could work well because MAY would have had to start selling MELs by then with the BYEs still attached .......and you have to consider how the Placement participants viewed the option component...and what they were led to believe re the distribution...
They’re pretty thoughtful about how they approach things..I certainly got that impression speaking to Phil and I guess these subtlety’s are his field...they could well have a party tentatively primed for accepting MAY holdings or parcels of..? One selling point here is MEL VEN etc should be well insulated against falls in global gas prices and Im guessing more gas fuelled electricity power stations are coming...?
MEL Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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