If the State Govt is hellbent on PEL buybacks because that is the easiest option of saving their own bacon, then what was the point of wasting taxpayers money on Professor O'Kanes independent report, which took 18 months to complete?
Was that simply just to kick the can down the road, as they are too gutless to deal with the well organised loonies.
It's a shame the gas industry let it get to this. They have been mute. Those big boys had the money to place media ads, to educate the public, and squash the loony myths.
Also ERM Power did not come to Mels defence. They are an established energy company in QLD. The State Govt may have treated Mel differently, if they stated their plans for Mel. Mel was a pushover because they are a small company. All big companies started off with humble beginnings.
MEL Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
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