MEL metgasco ltd
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Ann: 2022 Annual General Meeting Presentation, page-39

  1. ggwill
    2,835 Posts.
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    13/12/22
    18:57
    Post #: 65298134
    It supplies the east coast, so why not?

    Commodity prices move in cycles. Higher prices encourage investment. The government effectively wants to take away the upside but gives nothing in return. Commodity producers are supposed to make profits during upswings and losses during downswings of the cycle. MEL keeps making loses, so one day it can make a profit eek.png How about giving some downside protection at $10 per GJ what.png
    MEL Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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