Finally some common sense starting to come through rather than...

Finally some common sense starting to come through rather than just the upbeat run of the mill posts trying to boost ones own confidence.

MEL is in real trouble and unless you can see that, you may as well kid yourself and hold on to your horses for the next CR at 16c or worse still at 12c?

The price is on a knife edge. If it cannot get some real momentum and move away from 20c then you will see an absolute dumping of these shares by many people seeing the writing on the wall. The market is already starting to price the large holders selling out shortly and I assume they will want to cut losses if it starts pushing towards .195c as I think it may later in the week.

Also if we have a bad day overseas, look out below. I think if you want to participate, then just buy them on market at .195c or .20c because if you hand over money to the company, they are actually getting the better deal!!