in a boom market?, page-2

Terrific post favre.

A nice summary and reminder about where MEL is at...
Just wish I could remain as calm about the stock as they are about it in the quarterly, it's hard sometimes when you watch it dropping daily. But it's also nice to remind yourself that some of the board carry very large amounts of stock, they haven't sold at prices double and triple the current price, so it is in their interests to turn this around in a big way at some stage.

The potential is certainly there - I can't imagine one of the majors not looking at the updated reserves position in Q2, the sub $100m market cap and feathering their nest with the gas eventually... just got to play the waiting game.