MEL 0.00% 0.3¢ metgasco ltd

No its not a blocking stock by itself, but with LNG in the same...

  1. 1,171 Posts.
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    No its not a blocking stock by itself, but with LNG in the same boat (trying to secure a gas supply at a reasonable price) its enough to cause a potential predator to have to pay top dollar to get their shares.

    I can't see that they are in it for an investment as their business is electricity generation. In their prospectus they list gas supply and prices as a major risk. Is this investment all about de-risking? But even if it is, surely they need to make a much larger investment than 6% for Mel to do a deal with them at any less than market rates.

    Just trying to understand their possible motivation and what they might do in the future.

 
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