I'm concerned that MEL talk a very big game but are they able to deliver.
Cash assets $17 mil
Market Cap $124 mil
Projects:
Lions Way pipeline
Proposed pipeline from Casino to Ipswich to supply SwanBank power station. In Dec 2007 there was talk of extending this pipeline to Port of Brisbane.
Richmond Valley Power Station
On the pipeline project I can find little evidence that it has advanced far from the drawing board since 2007 and the Power Station I can find the Environmental Asssessment.
I'm aware these projects are both major and don't happen overnight but I am concerned about the costs and the companies ability to see them through.
This post is in no way an attempt to down ramp I am just trying to bring the thread around to discussing the core of the company and what facts others have found through research and knowledge.
I would be delighted to hear any considered and researched responses.
finances and projects
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