perhaps we need an egm.

The problem is that MEL has a number of experts on board none of which seem to have the ability to bring their potential to the market. A geologist may not necessarily have the business acumen to drive the company in the right direction.

MEL need to concentrate spending on a narrower number of projects to establish a credible base to work from. They seem to be spreading themselves to thin.

This is realistically positioning the company for a potential take over to the detriment of its share holders. Neither the current nor the recent share price reflects the value in the company. This needs to be addressed as a matter of urgency.

MEL have a number of desires that they would like to achieved this year. Project managers use tools such as Gant charts and network diagrams with defined plans, progressive targets and time lines. They assist moving projects forward with some definition and clarity. It appears that MEL are very vague about their goals and plans.

The market today is showing that there is no faith in MEL. It appears that the mass exodus of shares is at a loss and in some cases a substantial loss.

These share holder will not re invest when capital raising is necessary.

Share holders need to get together and organise an extra ordinary general meeting. Perhaps reducing remuneration packages of directors might spur them into action.