Remember, Mel had all approvals by the LNP State Govt, to drill...

Remember, Mel had all approvals by the LNP State Govt, to drill the Rosella well in Feb 2015. Then, due to successful scaremongering campaign by The Greens and LTG, the results of State Election for LNP went poorly, in the NR, so to save their jobs, Mel gets blamed for lack of community consultation, gets suspended, and then State Govt demands PEL buyback. Mel yes vote gets up, only because new shareholders outnumber old shareholders. This does not make it right. Management was cornered. The State Govt gave them an ultimatum. 25 million or nothing. They would not give police support to resume activities. How can you say that the voting was democratic? Its too late now. Its all over. How can Mel recover now, that it has no assets whatsoever, and only peanuts in the bank?

Today, I feel really sad for Dick Smith mum and dad shareholders. In just 2years after Woolies sold the company, they have lost their retirement savings also.