ERM has sold out of MEL.
Imho I think ERM are done with gas. It is just too much trouble.
http://www.asx.com.au/asxpdf/20151113/pdf/432z9121qpfz8r.pdf
http://www.resourcesandenergy.nsw.g...NSW-Government-negotiations-with-Metgasco.pdf
The question now is will ERM do the same with EGO? Quite a few shareholders are not happy, particularly with the 100:1 consolidation. Does ERM want to be here in the West or would they pocket some cash and spend it in the US where they are expanding in the energy sector they are good in.
DYOR
