jake0002 Well, this thread title is probably appropriate. Plenty...

jake0002

Well, this thread title is probably appropriate.
Plenty of opportunities in O&G in Aust.

Yes. There is. But could not help thinking about 2011 when there was all that M & A activity. Mel was going up daily and we thought we were the next take over target. Even the papers were saying so. But it was just ERM doing all the buying.

If only we could see what was just around the corner. Very, very disappointed with ERM Power because they should have come to Mels defence, by discussing with the State Govt, their plans for Mel. Because they are already an established energy provider, the State Govt may have treated Mel differently. Maybe ERM went all shy with those false ICAC allegations. If I were an ERM shareholder, I would be grilling the ERM board as they bought 58 million Mel shares at 2011 prices, and like the rest of us old shareholders, are sitting on huge losses.

Is no news, good news for Mel? We are still in the dark.