placement, page-42

This is a long thread and I am not going to wade through it, so apologies if someone has already said something similar.

A different angle is that having only $12mill cash is restricting MEL's capacity to do what an explorer should be doing ... and that's exploring.

Now that the NSW Govt has got behind CSG there is no reason not to hop back into exploring ... in fact without it its hard to imagine the share price could go up.

An explorer that isn't exploring is treading water or drowning imo.

And even worse, not exploring if there is to be continued global financial uncertainty could see MEL managment with their backs really to the wall trying to raise critical funding down the track.

So imo, bring it all on.

Dex