MEL 0.00% 0.4¢ metgasco ltd

If all it takes is 2 threatened species, the yakka skink(similar...

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  1. 629 Posts.
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    If all it takes is 2 threatened species, the yakka skink(similar to a blue tongue lizard)and an ornamental snake, to stop a $16 billion coal project in QLD, then what chance does Mel have or any other project? Even though we won Supreme Court Ruling, Mel is still in discussions, with the State Govt, about its future in the NR. The pollies seem only to be interested in Pel buybacks. The easy way out. NSW has already been reduced to 9% PELs. Yet, the pollies keep saying Australia is open for business, when they are clearly not. Even if Mel was offered $120 million, plus costs for suspension, that is just a refund of what they have spent on exploration for 10 years. That is not compo.

    As Mel has no other interests outside the NR it makes things difficult. They are not an AGL or an STO where they can put things on hold and start up another project.

    A buyback of Mels Pels, based on the Greens scaremongering campaign is a failure.
 
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