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I saw a recent webinar presentation in which the ceo alluded...

  1. justchilln5
    1,639 Posts.
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    06/07/20
    06:43
    Post #: 45658031
    I saw a recent webinar presentation in which the ceo alluded that the Melbourne facility is unlikely to go ahead and they were looking to sub let the facility.
    reasons- no anchor tenancie and the land lord wants a large amount of capital to install a power station.
    i am only a newbie here so don’t know the full background of mel01 but it sounds like the lease of this facility from past mgmt was a huge stuff up.
    lets hope the new team can turn it around I have great faith in them.
    all in my opinion.
    DXN Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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