re: Ann: Consolidated Financial Statements Y/... Well a while back I posted that I thought EPW was the safer investment to get exposure in MEL.
My view has now changed (whilst I still hold EPW) I am happy to now get back in at 20c. Hard to believe that it is at 20c now government has given a amber/green light, but it makes sense given the equity raising price.
Maybe a gentlemans agreement between EPW & MEL whilst they are in neg., I was wondering why they weren't buying on market back in the teens, who knows, I think together great things can be achieved.
I can understand some investors frustrations with price, sometimes it pays to think outside square. Equity raising was always on cards, MEL like the $15,000 SPP option, a $500 holding is a cheap option for mine, if the company chooses this path. Sometimes you win sometimes you loose.
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Ann: Consolidated Financial Statements Y/E 30 Jun, page-13
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