I reckon if the government had not shifted the goal posts in February and used CSG as a POLITICAL FOOTBALL our share price would probably have been 0.50+ after giving CSG the green light in September 2012.
MEL had huge plans for 2013 now all projects have been suspended indefintely. We are back to square one. The govt has ruined everything.
I agree with others MEL has done the right thing in preserving shareholders money as there is so much uncertainty around CSG.
This has become a nightmare for us longtermers. In 2011 there was the excitement of the t/o activity. Now with everthing on hold we are just trying to survive.
Lucky MEL is debt free and has $2 billion worth of gas waiting to come out.
dont play politics with our energy future, page-12
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