re: Ann: Form 603 - Notice of initial substan... Nazzy,
I certainly hope there is more in it.
However, maybe there is another motive. It is not that uncommon for those in the industry to recognise an undervalued prospect; or a prospect with significant future value.
MEL is both of these.
I recall RLMS took a subst holding in Sunshine gas before it rocketted off before they promptly sold out with a very hefty profit.
The market should take it as a positive sign, as I see it, either:
a) an industry insider has recognised a great prospect
b) there are future tie ups between the two to monetise MELs gas.
Cheers,
SF
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