is it dart today, metgasco tomorrow?, page-6

BuddyGuy the New Hope "experience" certainly resonates with me, maybe we too need an enema release.

IMHO it is time we long term shareholders called our board to account, the wailed mantra by Peter Henderson and Co. that our woe's lay squarely at the feet of BoF. and the NSW Government is way to simple. We need a locally proactive vision, with a real works program to demonstrate responsible capacity for local supply.

I experienced yet another MEL, OMG moment on overview of MEL's 2013 Annual Report.
As detailed under the Exploration and Appraisal Heading, our Directors managed two exploration wells for a total drill of 1244.5 meters !!! in 2012/13.
Both plugged and abandoned with no details of coal qualities, porosity, nor gas content. They also managed to run and interpret 32Km of seismic.

We have now 5 Directors (the Esso Men), promoted, chuffed and ordained in this document of motherhood statement, and remuneration, with our assets remaining stranded.
We appear to have just under one director for each employee. (Puts Hendo's remuneration into perspective, particularly when viewed with our trashed share price)

Our other major undertaking for the year included assessment of the aquifer properties of the Walloon coal measures, supported by a paper presented in Brisbane in September 2012.....! Hey Boy's its September 2013!!! So where is this assessment??

"Esso Men" where is your "water"? No vision for shareholders future nor concern over same here. Content to sit, feed and pass our Company to an appreciative entity in due course are we?

To repeat a jingoistic phrase "It's Time". It's time to reclaim our company.


nemo