This is a statement within the letter to shareholder on 5 September 2016: "Since listing in December 2004, Metgasco has not paid any dividend or distribution to shareholders" The meeting was convened to approve a variety of things not least of which was a return of capital of 2.5c per share. Which came from the settlement from the NSW government for the cancellation of its licenses. Outside of that I cannot find any distributions from MEL at all... That is since acquiring the latest assets and spending $20 million it hasnt paid anything to shareholders.
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