MEL 20.0% 0.6¢ metgasco ltd

put another log in the fire, page-11

  1. 24,386 Posts.
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    At the current sp prices, I wouldn't want a T/O offer now anyway. For, even if we were lucky to get a 40% premium on our current sp levels, some investors here could be left looking at some very uncomfortable losses.

    I would prefer MEl to work hard in getting a move on our sp to at least the 70 or even 80 cents first, were a 40% premium on top of that could be reasonable to accept.

    Cheers,
    Buddy134
 
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