MEL 0.00% 0.4¢ metgasco ltd

I agree stumpy .I did mean to say that MAY would jump to at...

  1. 4,801 Posts.
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    I agree stumpy .
    I did mean to say that MAY would jump to at least 1.5 plus cents not 15 cents though , but think it is more likely to be 2 cents plus .
    If MAY did go to 5 cents I cannot see MAY's shareholders agreeing to the deal on the proposed terms .
    I do agree if the verdict is thumbs down for Beehive that MAY does not have much chance .
    The really tricky decision would be a TO offer before the Beehive decision .
    I would have to think that one through depending on what MEL comes up with .

    Anyway you look at it , things are a lot brighter than they were at the time of the SM54 plug and abandon notice .
 
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