you would think too stumpy that after the VEN experience MEL would have found an underwriter more supportive in the company in the long term...albeit VEN did change the strategy on Regal and that might have been the problem.... Phil did say a few months back that (even tho there wasn't much interest in trades) there was real insto interest in the back ground and did mention a presentation at the time in Sydney which I assume now was with Blue Ocean...
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