MEL 0.00% 0.4¢ metgasco ltd

drawing a long bow, page-15

  1. 6,609 Posts.
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    If ERM had continued buying past giving notice of substantial holding it may have forced somebody's hand, which may have resulted in TWO parties buying up. Bit hard to control the price down when somebody else is buying your 'push em down' shares. Just a supposition. I think the GSA call is probably the correct one though, will be interesting to see if we have news before open today. I'm just hoping that ERM,LNG?Chinese and a third party are all highly interested. I've got a bad feeling that this is going to be an LNG/ERM tie in with ramp up gas going to ERM and then a percentage afterwards. At least between them at last count they had less than ten percent. Should mean that there will be a price spike if this is the case.

    Alll just supposition!
 
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