Well, MEL has to do something about something as it has been dormant for quite a while now.
We just cannot continue ion this way.
I was hoping for a while that we were given the opportunity by the NSW Government to recommence from where we have been forced off, but it was just a dream as the NSW hasn't the intestinal fortitude to do something which is good for the State and to secure guarantee of a cheap way of energy in letting gas been produced, and for the benefits not only for the residents of the State but for the manufacturing industry at large as well, which are slowly slowly been forced into a corner.
As for Byron, I do hope that something will come out of it soon and not dragging it on for ever and a day.
In the meantime, while Byron will start the repayment of $1mill dollars per quarter, it will still take 2 years to get the money back, starting from October current.
MEL Price at posting:
4.3¢ Sentiment: None Disclosure: Held
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