You are only left with nothing if you still hold all the MAY shares when a PA is announced . Even then the MAY shares will be worth something . Especially if they still own 40 million shares in BYE . They would take a big SP hit though .
The 3D seismic will change the COS either up or down . If a drill decision is made it probably means the COS has gone up .
MEL Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
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